FPT posts 27.4 percent growth in pre-tax profit in Q1
Multi-industry group FPT enjoyed high growth in revenue and pre-tax profit in Q1 on account of the growing technology segment.
Illustrative photo (Source: vietnambiz.vn)In the first three months, the group reported a 9.73 trillion VND (423 million USD) in revenue and 1.77 trillion VND in pre-tax profit, up 28.3 percent in revenue and 27.4 percent, respectively, from the same period last year.
The group's core and high-performing technology segment continued to be the main driver of the group’s growth as its revenue reached 5.59 trillion VND with a pre-tax profit of 770 billion VND.
It was followed by digital transformation services, with 96.2 percent focusing on new technologies such as Cloud, AI and data analysis.
Notably, revenue from abroad posted 4.11 trillion VND, bringing a pre-tax profit of 667 billion VND with an increase of 29.7 percent and 34.9 percent, respectively.
During the period, its revenue from ICT reached 1.48 trillion VND with a pre-tax profit of 103 billion VND. Of this figure, the ecosystem made by FPT digital transformation platforms includes more than 100 platforms, solutions, products and services based on core technology such as AI, Blockchain, Cloud, IoT and Low code that can be widely applied in e-government, transport, healthcare, banking, real estate, education and production.
Its telecom division achieved Q1 revenue of 3.47 trillion VND, an increase of 18.7 percent, bringing a pre-tax profit of 701 billion VND.
The group’s shareholder meeting took place on April 7. It decided to pay a cash dividend for 2022 at a rate of 40 percent. Of the figure, 20 percent will be paid in cash and 20 percent in shares./.
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
