First half of 2008: FPT grows at 47.10%
Hanoi , July 16th 2008. FPT Corporation officially announces business results in Quarter II and the first half of 2008, and remarkable performance of the Corporation in the first half of 2008.
•
18/07/2008
In an unfavourable condition of financial market and economy, FPT still achieves high growth rate in Quarter II at 36.68%. Growth rate in the first half of 2008 is 47.10% promising a successful year, that marks continuous 20 – year – stage in building and growing of the leading technology corporation in Vietnam.
By the end of Quarter I, FPT achieved very impressive results with net revenue of the Corporation over 4,393 billion dongs, increasing 58.9% year on year and profit before tax is over 303 billion dongs, an increase of 46.6% year on year.
Together with growth rate in Quarter 1, in Quarter 2 of 2008, net revenue of the Corporation achieves over 4,283 billion dongs, increasing 36.68% year on year and exceeding 6.74% to planned, which raises total revenue of the Corporation in the first half of 2008 to 8,676 billion dongs, increasing 47.10%. Quarter 2 profit before tax of the Corporation also grows at 9.48%, nearly 328 billion dongs and exceeding 9.16% to planned. Total profit before tax in the first half of 2008 reached nearly 631 billion dongs, 24.63% year on year.
Notes:
Revenue includes selling to external customers and one part to internal companies of the Corporation with business goals (For example: revenue of FPT Telecom includes selling Internet services to other companies in FPT Corporation)
Although financial market and economy situation have many changes, FPT traditional business lines still have good results and grows continuously.
Revenue of Integration System, Software Outsourcing, Telecom, Education and Distribution in the first half of 2008 experienced growth rates of 88.91%; 69.48%; 57.34%; 120.33% and 35.64% relatively.
Profit before tax of Integration System, Software Outsourcing, Telecom, Education and Distribution are 128.16%; 119.38%; 182.67%; 239.43% and 138.40% retatively. If we mention Software and Services separately, profit before tax in the first half of 2008 achieves 450.47 billion dongs, increasing 98.55% and exceeding 61.83% to planned.
Average earning per share in Quarter II of 2008 is 2,170 dongs and 4,185 dongs per share in the first half of 2008.
All changes in international and Vietnamese financial market now take fixed effects on business results of the Corporation. Therefore, FPT Corporation adjusts 2008 business plans as follows:
- Revenue: Cut down 19% but still grow at 8.4% in comparison to 2007
- Profit before tax: Cut down 9.5% but still grow at 15.6% in comparison to 2007
FPT in the first half of 2008:
IT and Communication:
- FPT Corporation won 5 cups in the Top 5 ICT Vietnam 2008 and 2 IT Gold medals for IT at Vietnam Computer- Electronics World Expo (July 16th -19th, 2008)
- On July 9th, FPT Software JSC inaugurated FPT Software Malaysia Limited in Kuala Lumpur, Malaysia.
- On July 3rd, FPT Corp and SAP Asia Pacific Japan, the world leading provider of business software with over 70% market leadership in Southeast Asia, signed a strategic partnership for development cooperation in South East Asia and Japan.
- Starting July 1st, 2008 FPT Information System (FPT-IS) will operate under a new model, with 7 subsidiaries and other related departments.
- On June 25th, in Washington D.C, FPT Software JSC signed cooperation agreement with Vietnam Partners.
- June 13th, 2008, FPT Software JSC officially announced the establishment of FPT Software Europe in Paris, France. This is FPT Corporation’s first headquarter in Europe.
- Since May, FPT Online Advertising Services, a company of FPT Telecom Corp, has become an advertising reseller for Yahoo in Southeast Asia.
- On April 27th, FPT received 2 honors at Sao Khue 2008, including the Outstanding Software Outsourcing Company award and the Outstanding Software for Banking-Finance award.
- On April 10th, FPT Telecom Company started the provision of "176" VoIP service, based on Next Generation Network (NGN) technology.
- With profits over 24% of expectations in the first quarter of 2008, FPT Telecom Company became FPT Telecom Corporation with 6 subsidiaries starting April 1st.
- On March 28th, Vietnam Posts and Telecommunications Group, with support from FPT Information System, a Microsoft’s authorized reseller in Vietnam, bought permanent licenses for Microsoft Office 2007.
- Starting March 15th, all FPT Elead-manufactured computers will have copyrighted BkavPro anti-virus application. This was the result of strategic cooperation agreement “Comprehensive Customer Care” between FPT Computer Center and Bkav Internet Security Center.
- On January 28th, FPT Telecom JSC became an official member of the Asia-America Gateway (AAG), pooling its resources to invest in the international Pacific undersea cable project.
- On January 23th, FPT Information System and Dell signed a strategic agreement to cooperate in Vietnam and the ASEAN region.
- In January, FPT Software JSC signed a 3.5 million USD contract with Agilis Solutions (U.S), a long term partner. This is one of the most valuable software export deals that Vietnam has signed with the U.S. In February, FPT Software started cooperation with NEPOST, Europe’s biggest mailing solution provider and the world’s second biggest. The following month, it signed a US$ 2 million OSDC (Offshore Software Development Center) contract with JIP, a Japanese partner.
Education and Training:
- FPT Arena established its Fund for Multimedia Talent for 12th graders taking college entrance exam in category V and H for the 2007 – 2008 school year.
- On March 22nd, FPT International Training Institute announced 2 billion VND support for students’ tuition fees.
- Team FPT Aptech was one of 5 to be selected to compete in the final round of Imagine Cup 2008, held by Microsoft Corporation in cooperation with Vietnam Association for Information Processing (VAIP) on May 22nd in Hanoi.
- On May 15th, FPT and Vietnam Chess Federation signed a strategic cooperation agreement for the 2008 to 2010 period.
- On April 10th, FPT International Programmer Training Center (FPT Aptech) held the first ITPro contest for Hanoi University of Technology students. The contest is expected to be an annual activity for student interested in IT throughout the country.
- In March, for the 5th consecutive time, FPT received a Merit Certificate for Outstanding Contributions in Training from the Mayor of Hochiminh City’s People Committee.
- At the “Aptech World Leadership Summit 2008” (January 18th - 19th, 2008) in India, FPT was granted the “Leadership Center” award, recognizing to the best training center in the Aptech system. This is the fourth consecutive year that FPT Aptech had won this award.
Financial and Banking:
- On June 27th, 2008, FPT won second prize in the 2007 Annual Professional Report Contest, jointly held by the Hochiminh Stock Exchange Department, the Stock Investment Magazine and Dragon Capital Fund Management Company.
- On June 11th, Tien Phong Commercial Joint Stock Bank opened and signed cooperation agreements with BIDV and Citibank
- On June 9th, the Chairman of the State Securities Commission signed Decision No. 392/QĐ-UBCK allowing FPT Securities to open a new branch in Danang.
- FPT Securities JSC was named “Best Securities Company in Jan-Feb 2008”
Cultural and Social:
- June 18th, nhacso.net website officially kick-started the “Choir for Justice – to ease the pain of Agent Orange” fund, calling for financial support for Vietnamese Agent Orange victims/dioxin on the one year anniversary of the “Choir for Justice” project.
- On May 13th, the “Vietnam Student Music Festival 2008” kick-off ceremony was jointly held by Hochiminh Central Communist Youth Union, FPT Corporation and Vietnam Television.
- To assist people with disabilities in their integration into the community, in April, FPT funded a project to establish a Living Encouragement Centre.
Real Estate:
- On July 14th, FPT Danang Building ground-breaking ceremony was held in Massda industrial zone. FPT Real Estate will be the project’s contractor and supervisor. The building is located within FPT Danang Technological Urban Project with total investment of around US$ 952 million, an agreement signed between Danang City’s People Committee and FPT Corp on January 13th.
- On March 23th, FPT Telecommunication Technology Research and Software Production Center ground-breaking ceremony was held. The project is expected to provide offices for 8000 of FPT employees.
For more information, please contact:
Hoàng Ngọc Quý (Ms)
FPT Corp Communication Division
Tel: 04.256 0300//40048
Fax: 04.7689067
Email: [email protected]
Add: FPT Cau Giay Building, Pham Hung Str., Hanoi
