FPT to boost charter capital

FPT Corporation has completed procedures to increase its charter capital by more than 500 billion VND (22.7 million USD) to 3,975 billion VND (180.68 million USD).
FPT Corporation has completed procedures to increase its charter capital by more than 500 billion VND (22.7 million USD) to 3,975 billion VND (180.68 million USD).

The amount has been reached after it issued additional shares to give new stock dividends to shareholders. The enterprise issued 51.8 million shares to pay dividends to shareholders at a rate of 15 percent. The capital for paying dividends was taken from its retained earnings. After the issuance, the total number of its shares increased to 397.5 million, equivalent to the charter capital of 3,975 billion VND.

Last year, FPT shareholders received cash dividends at 20 percent, equivalent to 691 billion VND (31.4 million USD). The dividends were paid on June 12.

At the end of April, the firm issued more than 1.7 million employee stock ownership plan shares to its workers who made notable contributions in 2014.

This year, the corporation targets to increase its revenue by 13 percent. In the first five months of the year, FPT gained nearly 16 trillion VND (727.27 million USD) in consolidated revenue, a 30 percent increase over the same period last year. Its profit before tax reached more than 1,100 billion VND (50 million USD), marking a 12 percent year-on-year increase, while its earnings per share got 2,128 VND (0.096 USD), posting a year-on-year increase of 19 percent.

The results were mainly contributed by the Technology Division and the Distribution and Retail Division. The Technology Division raked in 2,778 billion VND (126.27 million USD) in revenue, registering a 38 percent year-on-year increase. Of this, the revenue from international markets was 1,442 billion VND (65.54 million USD), accounting for 52 percent.

The Distribution and Retail Division recorded more than 10,800 billion VND (490.9 million USD) in revenue, marking a 34 percent year-on-year increase. The retail segment saw a 66 percent increase in accumulated revenue in comparison with the same period last year.

FPT's global revenue reached nearly 1,700 billion VND (77.27 million USD) in the first five months of 2015, posting a 54 percent year-on-year increase.-VNA

See more