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Oct 18, 2018 / 16:38

Vietnam FPT sees net profit up 18% in 9 months

Revenue from technology and telecom sectors contributed 94% to the corporation`s total revenue.

Vietnam's leading IT service provider FPT reported an after-tax profit of VND2.3 trillion (US$98.3 million) in the first nine months of 2018, up 18% year-on-year, local media reported. 

The figure corresponding to the parent company's shareholders was up 21% to VND1.82 trillion (US$77.77 million). 
 
Illustrative photo.
Illustrative photo.
In the January - September period, FPT's revenue reached VND16.26 trillion (US$694.93 million), up 21% year-on-year, and pre-tax profit amounted to VND2.73 trillion (US$116.66 million), up 33% year-on-year, stated the company's financial statement.

In like for like comparison (FPT Retail and Synnex FPT were regarded as associates for the first nine months of 2017), the IT company's' revenue decreased by 48% year-on-year, but its pre-tax profit was up 19%.

Additionally, earnings per share (EPS) reached VND2.98 trillion (US$127.35 million), up 21% year-on-year. Pre-tax profit margin stood at 16.8%, 2.3 times higher than the rate recorded in the same period last year.  

Revenue from technology and telecom sectors contributed 94% to the corporation's total revenue. 

Technology sector recorded revenue and pre-tax profit of VND8.83 trillion (US$377.58 million) and VND1.03 trillion (US$44.04 million), up 24% and 37% year-on-year, respectively. Of the sum, the software outsourcing segment posted revenue of VND5.9 trillion (US$252.28 million), up 35% year-on-year, and a pre-tax profit of VND930 billion (US$39.76 million), up 34% year-on-year. 

Telecom sector's revenue stood at VND6.48 trillion (US$277.08 million), up 16% year-on-year, and its pre-tax profit was VND1.12 trillion (US$47.88 million), up 20% year-on-year.

In the first nine months of 2018, FPT's overseas markets recorded revenue of VND6.39 trillion (US$273.21 million), up 31% year-on-year, and pre-tax profit of VND1.04 trillion (US$44.46 million), up 40% year-on-year. 

The overseas revenue contributed 39% to the total revenue of the company, up from 16% recorded in the same period of last year. 

In terms of digital transformation, revenue from this service in overseas market reached VND1.17 trillion (US$50.02 million), up 40% year-on-year and accounting for 20% of total FPT's revenue in software outsourcing activities.