Exceeding the 2018 plan, FPT's profit before tax soared by 30% yoy

Ending 2018, revenue and PBT were VND 23,214 billion and VND 3,852 billion, equal to 106% and 111% of the 2018 target, achieved strong growth of 17% and 30% year on year (YoY), respectively, in like for like comparison (excluding one-off profit from divestment in FPT Retail and Synnex FPT as well as incorporating ones under the equity method). Compared to the reported number (no adjustment) of 2017, revenue and PBT are down 47% and 9% YoY, respectively.

Profit after tax (PAT) and PAT attributable to parent company’s shareholders was VND 3,228 billion and VND 2,615 billion, up 30% and 35% in like for like, down 8% and 11% compared with the reported number of 2017, respectively. EPS was VND 3,897 up 35% in like for like and down 13% YoY. Moreover, the PBT margin achieved 16.6%, equal to 1.7 times that of 2017.

Technology sector’s PBT soars by 34% YoY

Technology sector recorded revenue and PBT of VND 13,395 billion and VND 1,519 billion, equal to 110% and 104% of the 2018 target, up 21% and 34% YoY, respectively. In which, the software outsourcing segment recorded revenue of VND 8,443 billion, up 35% YoY. PBT was VND 1,360 billion, up 27% YoY. All market revenues of this segment achieved impressive growth with a range from 23% to 55% YoY.

Telecom sector had its revenue up 15%, to VND 8,831 billion, equal to 102% of the year target. PBT was VND 1,458 billion, equal to 105% of the year target, up 19% YoY. In which, Telecom services is the key growth driver, contributing 94% to this sector’s revenue. Revenue and PBT reached VND 8,293 billion and VND 1,142 billion, up 16% and 26% YoY, respectively, thanks to good business operation and decreasing the contribution rate of the Vietnam Public Utility Telecommunication Service Fund compared with 2017.

Overseas markets' profit up 27% YoY

Regardless of the instability of the global economy, the “Going Global” strategy continues to be an essential growth of FPT. In 2018, overseas markets brought FPT with revenue of VND 9,097 billion, up 26% YoY and PBT of VND 1,472 billion, up 27% YoY. The overseas revenue contributed 39% to the Corporation’s total revenue, from 16% in 2017.

With a strategic focus on digital transformation, this service line’s revenue from overseas markets was VND 1,679 billion, up 31% YoY, contributing 20% to the software outsourcing’s revenue.