FPT among Top 10 largest private enterprises in Vietnam by revenue in 2018

FPT has been listed among Vietnam’s Top 10 largest private enterprises in Vietnam by revenue in 2018 (VNR500), according to the latest Vietnam Report JSC.

Top 10 largest private enterprises in Vietnam by revenue in 2018 included Vingroup JSC, Mobile World Investment Corporation, Việt Nam Dairy Product JSC, DOJI Gold and Gems Group, Truong Hai Auto Corporation, Hoa Phat Group JSC, FPT Corporation, Vietjet Aviation JSC, Vietnam Prosperity Joint Stock Commercial Bank and Masan Group Corp.

This information was included in the recently released VNR500 Ranking for 2018, which ranked the top 500 largest businesses in the country and is compiled by Việt Nam Report in co-operation with VietNamNet newspaper. This is the 12th consecutive year that the VNR500 has been announced to honour the achievements of Vietnam’s most successful enterprises. Vietnam Report also announced the top 500 largest private enterprises.

Accordingly, Vietnam’s private sector continued to show strong growth with the compounded annual growth rate (CAGR) among private firms rising significantly, reaching 21.8 per cent in the 2014-17 period.

The five sectors that contributed the most revenue to the 500 largest companies were finance (15.1 per cent); food, beverages and cigarettes (14.3 per cent); construction, building materials and real estate (13.9 per cent); steel (11.7 per cent) and telecommunications and information technology (9.2 per cent). These five sectors accounted for 64.2 per cent of total revenue and 75.5 per cent of the net profit of the 500 enterprises on the list.

FPT Corporation recently reported a net profit of nearly VND2.66 trillion (US$114.2 million) in the first 10 months of this year, representing a growth of 19 per cent over the same period last year.

Its 10-month revenue, however, decreased 47 per cent year-on-year to VNĐ18.4 trillion, the company announced. Its pre-tax profit was VND 3.16 trillion, up 19 per cent on-year.

The profit after tax of the parent company reached VND 2.13 trillion, an increase of 23 per cent against the same period last year.

Sales in the technology and telecommunications divisions contributed 94 per cent of total revenue. The technology segment recorded revenue and pre-tax profit of VND 10 trillion and VND 1.2 trillion, respectively, a rise of 25 per cent in revenue and 41 per cent in profit.

The telecommunications sector posted VNDD 7.3 trillion in revenue, up 16 per cent year-on-year, and VND 1.3 trillion in pre-tax profit, up 21 per cent.

Its earnings per share (EPS) reached VND 3.5 trillion, up 23 per cent, while its profit margin rose 2.3 times over the same period last year to 17.2 per cent.

In the period ending in October, the company completed 84 per cent of its target for the whole year and 76.4 per cent of its net profit target.

Source: FPT Education