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).
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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.
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