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FPT profit up 19.3% in H1 2023
Phi Nhat 14:37, 2023/07/15
The IT firm's revenue in the first half of 2023 was more than VND24.1 trillion ($1.02 billion), up 21.9% year-on-year.

FPT, the Vietnamese technology group, recorded a pre-tax profit of VND4.3 trillion (US$181.8 million) in the first six months of this year, up 19.3% year-on-year, in line with the plan set at the 2023 Annual General Meeting.

 FPT's headquarter is in Hanoi. Photo: FPT

Profit after tax attributable to equity holders of the parent company reached VND3 trillion ($126.8 million), up 20.6% year-on-year, with EPS (earnings per share) of VND2,732 per share, up 19.8%. Revenue in the first half of 2023 was more than VND24.1 trillion ($1.02 billion), up 21.9%.

The technology sector (including domestic IT and global IT services) continued to play a key role, contributing 59% of the Group's revenue and 46% of its profit before tax, equivalent to VND14.2 trillion ($600 million) and VND2 trillion ($84.5 million) respectively, up 25.1% and 26.3% year-on-year.

This growth was driven by strong demand for information technology spending, especially in digital transformation.

Digital transformation revenue reached over VND4.9 trillion ($207 million), an increase of 40% over the same period, confirming the company's ability to provide effective and comprehensive digital transformation services.

FPT's IT services for international partners recorded revenue of VND15 trillion ($634.3 million), up 28.6% year-on-year, including 13 projects with a scale of $5 million or more.

The company also intensified its business development activities, opening new offices and strengthening partnerships with large corporations. In early June, FPT opened its 15th office in this country. On June 23, the group and Honda signed a cooperation agreement on information technology service management on a global scale.

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