FPT's 11-month profit before tax increased by 35%, exceeding the whole-year plan for 2018.

Posted by: admin date 25/01/2019

By the end of the first 11 months of 2018, FPT's revenue and profit before tax (PBT) have reached VND 20,487 billion and VND 3,571 billion, equivalent to 94% and 102% of the year plan, up 21% and 35% compared to the same period in the equal conditions in 2017 (consolidating business results of FPT Retail and Synnex FPT under the equity method for associates).

In comparison with actual figures in the same period in 2017 (consolidating all business results of FPT Retail and Synnex FPT), revenue decreased by 48% and EBT increased by 19%.

FPT's profit after tax reached VND 3,013 billion, up 20% over the same period. Profit after tax of shareholders of parent company reached VND 2.421 billion, up 24% and earnings per share (EPS) reached VND 3,952 billion, up 23%. Besides that, margin reached 17.4%, which is 2.3 times higher compare to the same period. Profit from Technology sector increased by 44%. Revenue from Technology and Telecommunications sector contributed 94% of total revenue of the Group.

In particular, Technology sector recorded revenue of VND 11,214 billion and EBT of VND 1,405 billion, up 25% and 44% over the same period, which is equivalent to 106% and 112% of the accumulated plan. Among Technology sector, Software Export sector recorded revenue of VND 7,468 billion, up 35%. Profit before tax reached VND 1,197 billion, up 33%. Revenue in all these markets showed affirmative growth, up 27% over the same period.

Telecommunications sector recorded revenue of VND 8,062 billion, upgrowing the accumulated plan by 16%, while EBT reached VND 1,402 billion, up 23%, equivalent to 104% of the accumulated plan. Among Telecommunications sector, FPT Online (operating in the field of digital content), contributed 21% of the PBT of the telecommunications sector, equivalent to VND 291 billion, up 13% over the same period. PBT rate growed to 60.3% (compared to 53.2% for the same 11 months of 2017). On December 10, 2018, in compliance with the listing rules for public companies, FPT Online listed 14.08 million shares on Upcom.

Profits from foreign markets increased by 39%. Globalization continues to be an important growth driver for FPT. In the first 11 months of the year, foreign markets earned FPT revenue of VND 8,059 billion, up 31% and EBT of VND 1,344 billion, up 39% compared to the same period last year. The proportion of foreign markets in the revenue increased from 16% in 11 months of 2017 to 39% in 11 months of 2018.

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