FPT: Earnings before tax in the first half of 2009 grows at 24.7%

Hanoi, July 16th, 2009 In 2009, the world economy and Vietnamese economy experienced some upward trends. By the end of the first half 2009, FPT Corporation has achieved good business results.

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17/07/2009

Revenue of the Corporation in the 2^rd quarter is nearly 4,294 billion dongs, increasing total revenue in the first half to 8,223 billion dongs, which accounts for 114.08% of the 6 month target.

Earnings before tax in the first half grows at 24.7% compared with the same period of 2008, exceeding 32.92% of the target and achieving nearly 787 billion dongs. Earnings after tax of shareholders of parent company grows at 16.4% and reach over 451 billion dongs. Basic earnings per share is 3,203 dongs, an increase of 15.3%.

Unit: Billion dongs

Note : Revenue includes sales to external customers and one part to FPT’s subsidiaries (e.g. FPT Telecom’s revenue includes Internet services charge to FPT’s subsidiaries).

Table 1. FPT’s business results in the first half of 2009

With 2009’s plan of focusing on promoting services, FPT Corporation continues to achieve good results in most of its business lines in the first half of 2009.

Revenue of business lines including Telecom, Education, System Integration and Software Outsourcing grows at 51.2%, 48.1%, 6.3% and 12.5% respectively compared to the same period of previous year. Earnings before tax of these also achieves the targets at 147.4%, 124.6%, 108.5% and 88.6% respectively.

Unit: Billion dongs

Table 2. Business results in the first half of 2009 by business lines

In terms of Total Software and Software Services, revenue is over 1,700 billion dongs, an increase of 39.2% and 112.3% of the target. Earnings before tax achieves nearly 550 billion dongs, exceeding 26.3% of the target and 22% higher than that of the same period of 2008. Weight of Total Software and Software Services maintains its high level, accounting for 69.8% of total EBT of the Corporation.

Even though Distribution experienced some negative impacts from the market demand, FPT’s business results in the first half of 2009 are quite good and promise a successful year with new strategies.

A BRIEF REVIEW OF SOME FPT’S ACTIVITIES DURING THE FIRST 6 MONTHS OF 2009
* Resolution of the Management Board of FPT Corporation dated May 22, 2009 affirmed that FPT is an IT and Telecommunications Corporation; the key business lines to orient FPT Corporation development include: Telecommunications, Content Industry and IT Services.
CHANGES IN ORGANIZATION AND HIGH-LEVEL PERSONNEL
- Divided the personnel and task of the Management Board and Board of Directors
- Mr. Nguyen Thanh Nam officially held the position of General Director of FPT Corporation
- Mr. Phan Duc Trung was appointed Deputy General Director, CFO of FPT Corporation
- Mr. Truong Dinh Anh was appointed Deputy General Director of FPT Corporation
- Mr. Truong Gia Binh no longer held the position of General Director of FPT Corporation
- Mr. Do Cao Bao and Mr. Le Quang Tien no longer held the positions of General Director of FPT Corporation
ACHIEVEMENTS AND PRIZES
- July 14, FPT and 4 subsidiary companies achieved 8 big titles and prizes , leading Top 5 of ICT Vietnam 2009 prizes organized by Ho Chi Minh City Computer Association. FPT Corporation received the title of Vietnam’s top IT-Communications Unit; FPT Software got the title of Vietnam’s leading software outsourcing unit; FPT Information System won the Cup for the Leading information system integration service provider and the Cup for the Leading software unit; FPT Elead achieved 2 titles: Vietnam’s top computer and Gold medal for the hardware unit; Aptech Vietnam International Programmer Training System founded and coordinated by FPT Corporation received a Top ICT Vietnam 2009 Cup and ICT 2009 Gold medal, as well as the honor of getting “5 stars” title for the biggest IT training unit in Vietnam.
- July 08, Aptech Vietnam training system received the prize of the most favourite IT and communications product for training units organized by IDG and PCWorld.
- April 24, FPT won 4 “Sao Khue” awards. FPT Information System received the title of Preeminent Software, and got a 4-star ranking for 2 products: The general hospital management software system FPT.eHospital and the electronic government information system FPT-e.Gov. Visky Technology Group got an award for the products Vitalk (Preeminent Software and a 4-star ranking) and Violympic. FPT University received the title of Preeminent Software, and a 4-star ranking for IT training services for ACCP International Programmer Training Program and the AMSP Multimedia Fine Art Training Program.
- March 14, at Vietnam IT-Communications Prize-granting Ceremony organized by Ministry of Information and Communications, FPT Software won 3 out of 4 prizes for the IT industry field (including: The most excellent software enterprise with the best management process and highest turnover); FPT University won the prize for the most excellent IT human resource training service provider and the enterprise having trained the most IT human resources.
ORGANIZATION:
- June 01, FPT Elead was privatized
- May 05, FPT Trading Company Limited replaced FPT Corporation to become the owner of FPT Distribution, FPT Mobile Technology, FPT Retail. FPT Trading’s charter capital is 300 billion VNDs.
- April 2009, FPT Telecom decided to establish 3 companies and 2 new centers on the basis of the merger of subsidiary companies: FPT Telecom International Company Limited (merged from FTI, IDS and the VoIP section); FPT Telecom South Limited Company (merged from FPT Telecom South, iTV, iVoice); FPT Telecom North Company Limited (merged from FTN, iTV and iVoice); founded the iTV Development Center and Telephone Network Operation Center.
- February 06, representative office of FPT Information System was established in Singapore.
BUSINESS ACTIVITIES
- June 24, FPT Telecom International Company Limited under FPT Telecom opened the biggest Data Center - DC in Tan Thuan Export Processing Zone, District 7, Ho Chi Minh City.
- June 18, FPT Information System became an IBM Premier Partner .
- June, FPT Mobile Technology introduced the low-priced mobile phones F-Mobile
- June 01, FPT-Aptech International Programmer Training Center deployed the program “FPT 2009 scholarship fund for young talents” with the direct scholarships of 240,000 VNDs/month. Those eligible for interviews to get scholarships are high-school students, college/university students, or the working people who are interested in programming and wish to study at FPT – Aptech.
- May 20, the Management Board of Hoa Lac Hi-tech Park granted FPT University project investment certificate at the 4^th ASPA Leaders Meeting. As scheduled, in August 2009, the construction of FPT University will be started.
- May 12, Ministry of Education and Training and FPT Corporation organized the national-level round of the "Online mathematics contest" for 5^th and 9^th grade pupils.
- May 2009, FPT-IS got 4 global orders from Freewill (Thailand), T-system (Singapore), WongPartnership (Singapore) and Singapore Stock Exchange.
.- April 21, FPT Corporation and SBA Center (Austria) signed a memorandum of understanding of the cooperation agreement in researching, developing and transferring technology.
- April 08, FPT Distribution Company Ltd., became the first official product distributor of SonicWall in Vietnamese market.
- March, FPT Telecom deployed the new cost package using Triple Play technology integrating 3 services over a single connection: Internet access, fixed telephones and Internet television.
- February 25, FPT University announced the financial program for students - “Invest with you”. According to this program, in 2009, FPT University will use the investment capital fund of 10 billion VNDs to pay the tuition fees for the good and excellent students and those with difficult family conditions.
- February 20, Oracle granted the memory symbol Oracle’s Application Partner of the Year for FPT-IS, affirming that FPT-IS was the company’s biggest partner in the application field in Vietnam.
COMMUNITY ACTIVITIES
- July 10, FPT signed the cooperation agreement with Ministry of Information and Communications of Vietnam on the program of transferring the documents about experience in deploying, constructing, applying and test-taking to get CMMi-5 certificates. CMMi-5 is a system of software production processes attaining the highest level within the software production capability maturity model. The receiver of these documents is the Vietnamese IT enterprise community.
- June, FPT Software donated 190 million VNDs to Operation Smile , which provides free surgeries to children with split lips and palates nationwide.
- June 28, FPT granted the “Swallow 2009” Awards to 5 groups and individuals with the most excellent voluntary charitable activities for the community in Vietnam in 2008.
- FPT co-sponsored and co-organized “2009 Japanese Sakura Festival in Vietnam” from April 10 to April 12.
- April 01, FPT donated 100 million VNDs to the fund of the victims of Agent Orange on the concert night to commemorate the death of the late musician Trinh Cong Son.
- March 21, FPT donated a computer room including 18 computers and 01 host computer to the learning center for poor students at Dieu Vien Pagoda, Thua Thien Hue province.
- FPT sponsored 100 million VNDs for the International Fireworks Competition in 2009 with the theme “Resonance from Han river” organized in March 27 and 28 in Da Nang.