FPT corporation makes high profits in H1

Despite the global turmoil, FPT corporation continued to perform well in the first six months, posting a revenue of VND12.1 trillion (US$592 million), up 22 per cent over the same period last year.

The corporation’s deputy general director, Nguyen The Phuong, said the corporation’s pre-tax profit reached VND1.2 trillion ($60 million), an 11-per -cent growth over the same frame last year.

After-tax profits stood at more than VND712 billion ($34.4 million),with an EPS of VND3,682 per share.

After the corporation’s shareholder meeting approved a restructuring plan, the FPT quickly implemented a strategy to adjust growth targets this year from 20 to 30 per cent. In the first half of this year, the corporation earned 46 per cent of its target.

At the end of June, business performance in software, telecommunications and training remained stable. The corporation’s other business had also achieved positive results and high percentages, Phuong said.

FPT Telecom had a revenue of VND1.55 trillion ($75.2 million), a growth of 35 per cent over the same period last year and 49 per cent of the yearly plan. FPT Information Systems achieved sales of VND1.61 trillion ($78.2 million), growing 16 per cent over the same period last year and completing 38 per cent of its yearly plan.

In the first six months, FPT Software posted a revenue of more than VND586 billion ($28.4 million), a growth of 28 per cent over the same period last year.

General Director Truong Dinh Anh said FPT Trading continued expanding its business activities with foreign and local partners such as Taiwanese Asus and Mai Linh. It has started to carry out its internet service with partners in Laos and Cambodia.

Anh said 95 per cent of sales revenue came from other countries, adding that the FPT had also expanded its business to Nigeria.

In addition, the corporation planned to invest further in its communications, studio, and on-line game projects. — VNS

Tags: FPT