The Hanoitimes - Software giant FPT has announced a revenue target for 2010 of nearly 23 trillion VND (1.2 billion USD) in 2010, an increase of 23 percent over 2009 totals, as well as a profit target of 2.1 trillion VND (110 million USD), representing an increase of 25 percent.
“This year, the company will seek high profits in its core lines of business, including information technology services and telecommunication,” said Chairman Truong Gia Binh.
Binh also announced that an FPT subsidiary, HCM City-based FPT Information System Co (FIS), last week signed three major contracts worth a combined 13 million USD to provide technology services to several banking and financial institutions.
He also said that FPT Telecom would open seven new branches this month, aiming to increase its coverage to 42 provinces and cities nationwide this year.
By the end of February, FPT’s profit reached 222 billion VND (11.6 million USD), an increase of over 48 percent from the same two month period last year.
In 2009, the software group’s total revenue grew by 11.5 percent to over 18.7 trillion dong (979 million USD), while its net profit totaled 1.4 trillion VND (73.3 million USD), an increase of 33.8 percent on the year.
FPT shareholders have approved a 58.3 percent dividend on 2009 profits, of which a 25 percent cash dividend has already been paid in. The remainder would be paid shares before June 30 this year.
