Earning release FY2011: full year result

2011 was a real challenge for the world’s economies. Vietnamese enterprises were affected by the global economic crisis, facing fierce competition and even bankruptcy. FPT Corporation spent continuous effort to overcome all difficulties and challenges to earn VND 26,000 billion, completing 105.72% of plan and increasing 27% compared with 2010.

Its profit-before-tax was VND 2,515 billion dongs, an increase of 24.3% compared with 2010, completing 104% of the initial plan and 96% of the adjusted plan. The profit-after-tax reached more than 2,088 billion dongs, growing 23.46% in comparison with the previous year and completed 96.6% of the adjusted plan. Profit-after-tax of parent company reached more than VND 1,691 billion, a 33.75% increase from the prior year and fulfilled the adjusted plan and earned 7,905 dongs per share, which represented an increase of 20% when compared with the prior year.

The company’s core businesses gained optimistic results.

System integration, software solution and IT services earned more than VND 4,233 billion in revenue and VND 579 billion in profit-before-tax, growing 30.48% and 19.56%, respectively, when compared with 2010.

Revenue and profit from software engineering reached VND 1,349.6 billion and VND 300 billion, which represented increases of 34.91 % and 30.38%, respectively, in comparison with the prior year.

In telecommunications business, in 2011, the company earned VND 3,489 billion and VND 801 billion in revenue and profit, growing at the rates of 42% and 33.15%, respectively when compared with 2010.

T he company’s revenue from manufacturing and distribution of technology products were remarkably high, VND 16,270 billion, increasing nearly 22% compared with the same period last year. Profit from this business, however, was more than VND 564,8 billion and increased 37.14% from the prior year.

In training services, FPT University continued high growth rate in five consecutive years. In 2011, all the graduates of the first course were recruited with an average salary of more than VND 6 million per month. To date, there have been 12,000 students attending the university and 3,000 students at the polytechnic school. The university is settling in Hoa Lac hi-tech park in Hanoi in May 2012.

In 2011, FPT contributed more than VND 4,257 billion to the state budget, an increase of 8.6 % compared with 2010. As of 31^st December 2011, there had been 12,969 people working for the company. This number was 5,4% higher than early in the year.