FPT’s pre-tax profit exceeds 2018 plan

Hanoi (VNA) - FPT Corporation’s revenue and pre-tax profit in 2018 were 23.2 trillion VND (almost 1 billion USD) and 3.85 trillion VND, respectively.

These figures were equal to 106 percent and 111 percent of the year’s target, achieving strong growth of 17 percent and 30 percent year on year, respectively, (excluding one-off profit from divestment in FPT Retail and Synnex FPT as well as incorporating ones under the equity method).

Compared to the reported number (no adjustment) of 2017, revenue and pre-tax profit are down 47 percent and 9 percent year-on-year, respectively.

After-tax profit attributable to parent company’s shareholders was 3.23 trillion VND and 2.6 trillion VND, up 30 percent and 35 percent in like for like, down 8 percent and 11 percent compared with the report of 2017, respectively.

Earnings per share was 3,897 VND, up 35 percent in like for like and down 13 percent year-on-year.

The technology sector recorded revenue and pre-tax profit of nearly 13.4 trillion VND and 1.5 trillion VND, equal to 110 percent and 104 percent of the target, up 21 percent and 34 percent year-on-year, respectively.

In 2018, overseas markets brought FPT revenue of 9.097 trillion VND, up 26 percent year-on-year and pre-tax profit of 1.472 trillion VND, up 27 percent year-on-year.

The overseas revenue contributed 39 percent to the corporation’s total revenue, from 16 percent in 2017. - VNA