FPT marks 5th consecutive year among Forbes Vietnam’s Top 50

Vietnam Forbes Magazine announced a list of 50 best listed companies on the Vietnamese stock market in 2017 on May 29^th. FPT ranked among the list for the 5th consecutive year.

Forbes Vietnam said that in 2016, FPT failed to meet its revenue goal of VND45 trillion because Apple's changes to its distribution system and Microsoft's decision to stop selling Lumia phones made distribution and retail sales decrease to only VND 22,000 billion by nearly 5% yoy. In return, telecom and software sales grew by approximately 20%.

The other sectors of FPT have grown. Technology sales from foreign markets increased by 40%, accounting for 31% of the total profit (compared to 23% in 2015). This shows that that global strategy is moving in the right direction and will become a growth engine in the future.

The members voted at the AGM to decide 35% dividend yield for 2016. After the first 4 months, FPT earned VND12,975 billion, an increase of 13% yoy, VND904 billion in profit before tax, up 14% yoy and VND759 billion in profit after tax, up 18%.

According to Forbes, the companies’ market capitalisation still accounted for roughly 60 per cent of the total market on the two bourses, the same as the previous year. Their profit also rose 49 per cent against the previous year to VNĐ79.5 trillion.