FPT’s profit after tax soar by 32% in the first half year of 2018

Ending the first half year of 2018, revenue and profit before tax (PBT) of FPT Corporation recorded a strong growth of 19% and 32% year on year (YoY), respectively in comparison with the same period last year.

Technology sector recorded revenue and PBT of VND 5.4 trillion (USD 233.2 million) and VND 592 billion (USD 25.6 million), up 21% and 31% YoY, respectively. Of which, the software outsourcing segment recorded revenue of VND 3.5 trillion (USD 151.2 million), up 29% YoY. PBT for the reported period was VND 532 billion (USD 23 million), up 23% YoY.

Foreign markets continue to be FPT’s bright spot in 2017. Photo: FSK.

Telecom sector had its revenue up 15%, to VND 4,191 billion, PBT was VND 727 billion, up 17% YoY.

The overseas markets continued to be a key growth driver for FPT. In the first half year of 2018, FPT’s overseas markets recorded a healthy growth with revenue increased by 27% to VND 3.8 trillion (USD 167.6 million), and PBT up 35% YoY to VND 607 billion (USD 26.2 million). The overseas revenue contributed 38% to the Corporation’s total revenue, up 23% compared to the same period last year.

With a strategic focus on digital transformation, this revenue from overseas markets was VND 742 billion (USD 32 million), up 41% YoY. Through acquiring 90 percent of Intellinet Consulting, LLC – an IT consulting firm among the top 50 fastest growing consulting firms in the US, FPT will provide more comprehensive services with higher added value to leading global companies, especially in digital transformation.

Source: FPT Corporation