FPT earns 384 million USD in first quarter of this year
Vietnam’s giant software FPT earned revenue of 8.56 trillion VND (384.4 million USD) in the first quarter of this year, exceeding its target.
Illustrative image (Source: VNA)Profit before tax was 563 billion VND, 10 percent higher than targeted. Profit after tax was 346 billion VND, or 104 percent of the target, while earnings per share stood at 870 VND (0.039 USD), or 104 percent of the target.
While revenue and profit results all exceeded the year-to-date target they are lower than last year due to greater investments in telecom infrastructure and saturation in the domestic market.
The company expects that from the third quarter investment in telecom infrastructure will be lower and domestic-related segments, including software solutions, systems integration and IT services will record higher revenue.-VNA
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