FPT's oversea markets' PBT growth soars by 35%

Continuing impressive growth momentum, FPT’s revenue and profit before tax (PBT) increased by 21% and 34% year on year (YoY), respectively, in like for like comparison (FPT Retail and Synnex FPT were regarded as associates for 5M2017). FPT recorded revenue of VND 8,290 billion, equal to 106% of the YTD target, profit before tax (PBT) was VND 1,408 billion, equal to 116% of the YTD target. Compared to the actual number (no adjustment) of 5M2017, revenue down 49% and PBT up 21% YoY.

FPT’s profit after tax (PAT) was VND 1,184 billion, up 21% YoY. PAT attributable to parent company’s shareholders was up 26% to VND 936 billion and EPS was VND 1,762 up 25% YoY. In addition, PBT margin achieved 17.0%, equal to 2.4 times YoY.

On June 17th, FPT awarded the Government's Emulation Flag for contribution to the development of the IT industry to help Vietnam catch up the 4th industrial revolution.

Main business sectors performance

Technology sector recorded revenue and PBT of VND 4,357 billion and VND 483 billion, up 24% and 39% YoY, respectively. In which, the software outsourcing segment recorded revenue of VND 2,869 billion, up 27% YoY. PBT for the reported period was VND 441 billion, up 27% YoY. On this month, FPT reached the two memoranda of understanding in digital transformation with a total value of over USD 30 million in Japan.

Telecom sector had its revenue up 16%, to VND 3,449 billion, PBT was VND 585 billion, up 11% YoY.

Overseas markets' profit up 35% YoY

The overseas markets continued to be a key growth driver for FPT. Ending the preliminary five months of 2018, FPT’s overseas markets recorded a healthy growth with revenue increased by 25% to VND 3,090 billion, and PBT up 35% YoY to VND 494 billion. The overseas revenue contributed 37% to the Corporation’s total revenue, up 22% YoY.