FPT's profit before tax increased by 23% yoy thanks to robust growth of software
Ending 1Q2019, revenue and PBT were VND 5,666 billion and VND 960 billion, equal to 100% and 110% of the year to date (YTD) target, achieved strong growth of 19.3% and 23.0% year on year (YoY), respectively.
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17/04/2019
Ending 1Q2019, revenue and PBT were VND 5,666 billion and VND 960 billion, equal to 100% and 110% of the year to date (YTD) target, achieved strong growth of 19.3% and 23.0% year on year (YoY), respectively.
Profit after tax (PAT) and PAT attributable to parent company’s shareholders was VND 794 billion and VND 626 billion, up 21.6% and 23.0% compared with 1Q2018, respectively. EPS was VND 1,021, up 22.5% YoY. Moreover, the PBT margin increased to 16.9% in comparison with 1Q2018.
Financial performance by sector: Technology sector’s PBT soared by 44.4% YoY
Technology sector recorded revenue and PBT of VND 2,984 billion and VND 361 billion, equal to 97% and 109% of the YTD target, up 21.7% and 44.4% YoY, respectively. In which, the software outsourcing segment recorded revenue of VND 2,303 billion, up 37.5% YoY. PBT was VND 329 billion, up 39.6% YoY. All market revenues of this segment achieved impressive growth with a range from 27.0% YoY in Japan market to 79.1% YoY in US market.
Telecom sector had its revenue up 18.3%, to VND 2,377 billion, equal to 101% of the YTD target. PBT was VND 368 billion, equal to 105% of the YTD target, up 8.4% YoY. In which, Telecom services is the key growth driver, contributing 95% to this sector’s revenue. Revenue and PBT reached VND 2,263 billion and VND 315 billion, up 19.0% and 9.7% YoY, respectively.
Overseas markets' PBT up 35.6% YoY
The “Going Global” strategy continues to be an essential growth of FPT. In 1Q2019, overseas markets brought FPT with revenue of VND 2,459 billion, up 34.6% YoY and PBT of VND 362 billion, up 35.6% YoY. The overseas revenue and PBT contributed 43% and 38% to the Corporation's performance (In 1Q2018, the proportions were 38% and 34%), respectively.