FPT earns 228.3 million USD in pre-tax profit last year
FPT Corporation achieved pre-tax profit of 5.26 trillion VND (228.3 million USD) on revenues of 29.83 trillion (1.29 billion USD) last year, a year-on-year increase of 12.8 percent and 7.6 percent, mainly driven by the digital transformation, overseas IT services and telecom.
FPT’s revenue and pre-tax profits increased by 7.6 percent and 12.8 percent last year, respectively. (Photo courtesy of the company)
HCM City (VNA) - FPT Corporation achieved pre-tax profit of 5.26trillion VND (228.3 million USD) on revenues of 29.83 trillion (1.29 billion USD)last year, a year-on-year increase of 12.8 percent and 7.6 percent, mainlydriven by the digital transformation, overseas IT services and telecom.
Earnings per share of Vietnam’s leading information technology giant rose to 4,119VND a share, up 12.3 percent.
IT fetched 16.81 trillion VND, 6.5 percent up, and telecom fetched 11.47trillion VND up 10.3 percent, with the education and other investments took upthe remaining five percent.
Revenues from digital transformation projects, a strategic activity for FPT,grew by 31 percent to 3.22 trillion VND.
IT services revenues and pre-tax profits from overseas markets were 12 trillionVND and 1.97 trillion VND, up 10.6 percent and 14.4 percent. Revenues fromeducation jumped by 22 percent.
The year represented a great stride for the corporation in the internationalmarket as it signed large digital transformation consultancy contracts withsome major companies.
It expanded globally, opening offices in Canada, the Middle East, India, andCosta Rica, bringing the number of its offices abroad to 52 in 25 countries andterritories.
Domestic revenues reached 4.81 trillion VND, a fall of 2.6 percent, but pre-taxprofits rose by around 7 percent to 267 billion VND./.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
FPT’s revenue and pre-tax profits increased by 7.6 percent and 12.8 percent last year, respectively. (Photo courtesy of the company) 
