FPT's profit before tas soared by 35% YoY, exceeded the 2018 plan
In the first 11 months, FPT’s revenue and PBT were VND 20,487 billion and VND 3,571 billion, equal to 94% and 102% of the 2018 target, achieved strong growth of 21% and 35% year on year.
In the first 11 months, FPT’s revenue and PBT were VND 20,487 billion and VND 3,571 billion, equal to 94% and 102% of the 2018 target, achieved strong growth of 21% and 35% year on year (YoY), respectively, in like for like comparison (FPT Retail and Synnex FPT were regarded as associates for 11M2017). Compared to the actual number (no adjustment) of 11M2017, revenue is down 48%, and PBT is up 19% YoY.
Profit after tax (PAT) was VND 3,013 billion, up 20% YoY. PAT attributable to parent company’s shareholders was up 24% to VND 2,421 billion, and EPS was VND 3,952 up 23% YoY. Moreover, the PBT margin achieved 17.4%, equal to 2.3 times that of 11M2017.
Technology sector’s PBT soars by 44% YoY
Revenue from technology and telecom sectors contributed 94% to the Corporation’s total revenue.
Technology sector recorded revenue and PBT of VND 11,214 billion and VND 1,405 billion, equal to 106% and 112% of the YTD target, up 25% and 44% YoY, respectively. In which, the software outsourcing segment recorded revenue of VND 7,468 billion, up 35% YoY. PBT was VND 1,197 billion, up 33% YoY. Outsourcing revenue by markets achieved a good growth of over 27% YoY.
Telecom sector had its revenue up 16%, to VND 8,062 billion, achieving the YTD target. PBT was VND 1,402 billion, equal to 104% of the YTD targets, up 23% YoY. In which, FPT Online (digital advertising) contributed 21% to the Telecom’s PBT, equal to VND 291 million, up 13% YoY. PBT margin was 60.3% and improve in comparison with 11M2017 (53.2%). On December 10th, 2018, in compliance with listing rules for a public company, FPT Online listed 14.08 million shares on UPCoM.
Overseas markets' profit up 39% YoY
The overseas markets continued to be a key growth driver for FPT. In 11M2018, FPT’s overseas markets recorded a healthy growth with revenue increased by 31% to VND 8,059 billion, and PBT up 39% YoY to VND 1,344 billion. The overseas revenue contributed 39% to the Corporation’s total revenue, from 16% in 11M2017.