Ending Q3 2018, profit before tax exceeded the YTD target of 15%

Ending the first 3Q2018, revenue and PBT were VND 16,261 billion and VND 2,738 billion, equal to 106% and 115% of the YTD target, achieved strong growth of 21% and 33% year on year (YoY), respectively, in like for like comparison (FPT Retail and Synnex FPT were regarded as associates for 9M2017). Compared to the actual number (no adjustment) of 9M2017, revenue is down 48%, and PBT is up 19% YoY.

Profit after tax (PAT) was VND 2,302 billion, up 18% YoY. PAT attributable to parent company’s shareholders was up 21% to VND 1,828 billion, and EPS was VND 2,985 up 21% YoY. Moreover, the PBT margin achieved 16.8%, equal to 2.3 times that of 9M2017.

Performance of business sectors

Revenue from technology and telecom sectors contributed 94% to the Corporation’s total revenue.

Technology sector recorded revenue and PBT of VND 8,835 billion and VND 1,037 billion, equal to 108% and 110% of the YTD target, up 24% and 37% YoY, respectively. In which, the software outsourcing segment recorded revenue of VND 5,903 billion, up 35% YoY. PBT was VND 930 billion, up 34% YoY. Outsourcing revenue by markets achieved a good growth of over 26% YoY.

Telecom sector had its revenue up 16%, to VND 6,485 billion, achieving the YTD target. PBT was VND 1,124 billion, equal to 106% of the YTD targets, up 20% YoY.

As of September, 30th 2018, FPT Education delivered a strong enrollment growth of 50% YoY, equivalent to 18,700 new students.

Overseas markets' profit up 40% YoY

The overseas markets continued to be a key growth driver for FPT. In 9M2018, FPT’s overseas markets recorded a healthy growth with revenue increased by 31% to VND 6,397 billion, and PBT up 40% YoY to VND 1,040 billion. The overseas revenue contributed 39% to the Corporation’s total revenue, from 16% in 9M2017.

Continue to focus on digital transformation, this service line’s revenue from overseas markets was VND 1,178 billion, up 40% YoY, contributing 20% to the software outsourcing’s revenue. In September 2018, FPT signed Memorandum of Understandings with Carlsberg and Shinhan in digital transformation services.