FPT’s profit up 28 percent in first eight months of 2019
Vietnam's information technology giant FPT Corporation reported revenue and pre-tax profit of over 17 trillion VND (732.5 million USD) and nearly 3 trillion VND (129.3 million USD) in the first eight months of this year, up 21 percent and 28 percent, respectively.
Illustrative image (Photo: fpt.com)Hanoi (VNA) - Vietnam's information technology giant FPT
Corporation reported revenue and pre-tax profit of over 17 trillion VND (732.5 million USD) and nearly 3 trillion VND (129.3 million USD) in the first eight months of this year, up 21 percent and 28 percent,
respectively.
In August alone, FPT's revenue and pre-tax profit reached almost 2.3 trillion VND (99.1 million USD) and 454 billion VND (19.5 million USD), an increase of more than 17 percent and 30 percent compared to the same period last year.
In the first eight months, post-tax profit reached 2.5 trillion VND, up 27 per cent year-on-year. EPS (earnings per share) were 2,961 VND, up 29 percent year-on-year. The profit margin continued to improve, reaching 17.6 percent compared to 16.6 percent in the first eight months of 2018.
The company’s technology segment recorded growth of 43.4 percent, acting as the main growth engine. The segment recorded revenue and pre-tax profit of 9.53 trillion VND (410.7 million USD) and 1.2 trillion VND (51.7 million USD), respectively, up nearly 26 percent and 43.4 percent over the same period last year.
The telecom segment reported over 6.77 trillion VND (287.7 million USD) in revenue and more than 1.12 trillion VND (48.6 million USD) in pre-tax profit.
Foreign markets helped FPT earned 7.17 trillion VND (309 million USD) in revenue and over 1.14 trillion VND (49.3 million USD) in pre-tax profit, up by nearly 31 percent and 34.3 percent over the same period last year./.
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