FPT picked as the only tech firm among Forbes VN’s Top 50 for 4 years in a row

With a market capitalization of VND 19,197 billion, FPT continued to be ranked among Forbes’ Top 50 companies listed on HOSE and HNX in 2015. The company has been picked as the only tech firm among Forbes Vietnam’s Top 50 for 4 years in a row.

The magazine selected the companies of all sizes with the best business performance in 13 sectors.

FPT was the only representative of the technology industry with VND 40,003 billion in revenue and VND 2,438 billion profit after tax in 2015. 

Currently, FPT is present in 19 countries worldwide, and has branches in a number of developed countries like the US, Japan, Singapore and some European countries. Its revenue from global activities also has been increased by 30-40% in recent years.

After the first 4 months of 2016, FPT also witnessed positive business results with VND 11,524 billion in revenue and VND 504 billion in profit after tax. Revenue and profit from overseas markets continued to be increased by 35% and 58% yoy, reaching VND 1,689 billion and VND 248 billion respectively.

The companies’ market capitalization reached VND 829,010 billion, accounting for 62.14 per cent of the total market on the two bourses as of May 16, 2016. Their total revenue reached VND 475.546 billion, or 37.77 per cent of the of total market revenue and their profit after tax reached VND 53.482 billion, 53.08 per cent of the total profits in the market.

According to Forbes Vietnam, which rated the best listed for the fourth time, the list this year reflected changes in the economy. The companies related to the consumer industry continued to thrive and the recovery of the real estate market saw the realty industry bounce back in the stock market. On the contrary, low prices of oil and gas that resulted in lower revenues and profits of related companies pulled out all stocks of the industry from this year’s list. Thanh Cong Tay Ninh Sugar Company and Pan Group were also two new representatives on the list, for the agriculture production industry.

To formulate the list, Forbes Vietnam used its own method with the consideration of specific characters of local businesses under the basis of the audited financial statements in five years in a row and the fiscal year 2015 of all the companies.

Most of the companies in this list were traded on the southern bourse of HCM Stock Exchange (HoSE), only five companies were listed on the Hanoi Stock Exchange (HNX). Compared to last year, 2016’s list has 10 new companies.