FPT 2009 General Shareholders Meeting ends
Hanoi, March 29, 2009 – FPT Corporation (security code: FPT) held its 2009 General Shareholders Meeting today. The Shareholders have convened, and set a new pre-tax profit target for 2009 of 1.451 trillion VND, a 17.01% increase as compared to 2008’s 1.24 trillion VND.
•
09/04/2009
Although 2008 was a difficult year, FPT still managed to achieve historic revenue of 16.806 trillion VND or roughly 1 billion USD, growing 21% year on year, and completing 106.2% of 2008 growth targets.
The Corporation’s pre-tax profits was 1.240 trillion VND, or 104.9% of 2008’s targets, and growing 20.5% year on year. Profit after tax of parent company’s shareholders was 836 billion VND, which brought shareholders dividend profits on average of 5.959 VND/share.
In 2008, FPT Corporation contributed 2.874 trillion VND to the State coffer.
(Unit: million VND)
The Shareholders have agreed to pay in cash 2008 dividend of 26% (17.3% current pledge capital). The remaining profits will be reserved for future investments. FPT Corporation’s total capital after dividend payments will be 2.373 trillion VND.
2008 profits expenditure plan
(unit: million VND)
Based on current business operations and market conditions, FPT have decided to strengthen its sales and services, improving business efficacy instead of revenue. The Corporation’s business goals for 2009 are as follows:
(Unit: million VND)
FPT Information System (FPT IS) and FPT Trading Group (FPT TG) will initiate equitization process in the near future. These two companies are large in scale, and has large revenues and profits.
Also at the Meeting, FPT Corporation announced important changes in its upper echelons, specifically: a new member of the Management Board, Mr. Jonathon Ralph Alexander Waugh for the term 2007 – 2012; the Corporation’s new General Director Mr. Nguyễn Thành Nam and changes in members of the Monitoring Board. These moves are seen as FPT’s first efforts to make a distinction between the administration of its Management Board, and day-to-day business operation administration.
For more information, please contact:
FPT Investor Relations Department
Headquarter: FPT Cầu Giấy Building – Lot B2, Phạm Hùng Rd., Cầu Giấy Dist., Hanoi.
Tel.: (04) 73007300
Fax: (04) 37689079
Email: [email protected]
Or:
3rd Floor, Citilight Building, No. 45 Võ Thị Sáu Str., Đa Kao Ward, 1st Dist., HCMC
Tel.: (08) 62852525
Fax: (08) 62906070
Email: [email protected]
