Business performance of FPT Corporation in the 3rd quarter of 2009
FPT – earned 1.272 billion VND in first nine months, exceeding the profit of the whole year 2008.
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22/10/2009
Hanoi, 19th October 2009
2009 was forecasted by economists to have negative impacts on the economy and enterprises. However, solid growth can still be seen in FPT Corporation. The earnings in the first nine months of the corporation have exceeded that of 2008, reaching 1,272 billion VND.
Unit: billion VND
| Order | Category | Third Quarter, 2009 | Progression from the beginning of the year | |||||
| Value | Growth | % of | Value | Growth | % of progressive plan | % of year plan | ||
| 1 | Net turnover | 4,694.7 | 24.4% | 106.1% | 12,917.8 | 3.8% | 111.0% | 75.63% |
| 2 | Profit-before-tax | 484.9 | 128.2% | 121.3% | 1,271.8 | 50.8% | 122.5% | 83.91% |
| 3 | Profit-after-tax | 406.0 | 130.9% | 1,037.7 | 49.4% | 123.9% | 86.38% | |
| 4 | Profit after tax of the parent company | 322.2 | 167.4% | 773.6 | 52.2% | 126.8% | 85.49% | |
| 5 | Earnings per share (VND) | 2,286 | 168.9% | 5,488 | 51.3% | 126.8% | 85.49% | |
Table 1: Business performance in the first nine months of 2009
Notes: the above turnover includes those from clients outside and inside the corporation for business purposes (e.g. the turnover of FPT Telecom from providing Internet services for other members of FPT Corporation)
In the third quarter of 2009, the turnover of the Corporation reached 4,695 billion VND, an increase of 24.4% against 2008, accomplishing 106.1% of the plan. The profit-before-tax was 485 billion VND, increasing by 128.2% in comparison with the same period of 2008, exceeding 21.3% as planned. The profit-after-tax of the parent company also added an amount of 167.4% than that period of 2008 to reach 322 billion VND. The EPS in the third period of 2009 was 2,286 VND.
By the end of the quarter, the turnover of FPT was estimated to reach an approximant of 12,918 billion VND, an increase by 3.8% against 2008, completing 75.6% of the year plan. The profit-before-tax in the first nine months reached 1,272 billion VND, exceeding the total profit of 2008 by an addition of 50.8% and completion of 83.9% of the year plan. The profit-after-tax of the parent company reaches 774 billion VND, increasing by 52.2% in comparison with 2008. The EPS by the end of the quarter is 5,488 VND.
Unit: billion VND
| Order | Sector | Third quarter of 2009 | Progression from the beginning of the year | ||||||
| Turnover | % of year plan | Profit | % of year plan | Turnover | % of year plan | Profit | % of year plan | ||
| 1 | System Integration | 570.5 | 64.7% | 110.8 | 118.0% | 1,833.5 | 84.8% | 270.0 | 112.2% |
| 2 | Software export | 192.6 | 87.9% | 56.1 | 90.9% | 529.6 | 90.7% | 153.4 | 89.4% |
| 3 | Telecom | 503.1 | 112.3% | 134.7 | 102.1% | 1,383.2 | 114.1% | 449.9 | 114.8% |
| 4 | Training | 60.3 | 72.5% | 27.9 | 110.5% | 141.5 | 85.6% | 59.1 | 117.5% |
| 5 | Distribution | 3,329.4 | 121.8% | 156.4 | 166.3% | 8,851.2 | 120.4% | 285.3 | 132.3% |
Table 2: Sector-based business performance in the first nine months of 2009
The business sectors in the Corporation also achieved positive result, in which leading position always belongs to its traditional sectors such as: system integration, software export, telecommunications, training and distribution. The turnover completion of these sectors are 84.8%; 90.7%; 114.1%; 85.6% and 120.4% respectively.
The profit-before-tax of each traditional business sector was seen optimistically with high completion of plan for the first nine months. The respective percentage of completion of profit plan of these sectors are 112.2%; 89.4%; 114.8%; 117.5% and 132.3%.
With an optimistic business result achieved in the first nine months of 2009, FPT Corporation promises a successful 2009.
Contact:
Bui Nguyen Phuong Chau (Mrs.)
Department of Communications and Community, FPT Corporation
Add: FPT Building, Pham Hung Road, My Dinh, Hanoi.
Tel: 04. 73007300
Fax: 04.37689067
Email: [email protected]
