FPT’s first quarter profit totals VND 645 billion

The consolidated revenue reached VND 9.564 billion in the first three months, increasing by 30% compared to the same period of 2014, finishing 107% of the plan.

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22/04/2015

Profit-before-tax was VND 645billion, increasing by 11%, finishing 108% of the plan. Profit-after-tax was VND 425 billion, increasing by 17%. Earning per share (EPS) was VND 1.235, an increase of 17%.

Technology and Distribution - Retail continued making significant contributions to these results. In the first quarter, Tech sector got VND 1,468 billion in revenue, up 37% and its profit before tax was VND 158 billion, up 19%. Distribution – Retail’s revenue and profit before tax increased by 35% and 60% respectively, reaching VND 6,720 billion and 208 billion in Q1.

FPT’s global operation kept on bringing about positive results. Revenue from global activities was estimated at VND 954billion (equivalent to USD 45 million), up 45% compared to the same period of 2014.

The members of FPT 's Board of Directors have trust in and bet on growth targets in 2015.

In order to accelerate the growth of the global market, FPT appointed many foreign leaders, including FPT Uwe Schlager (Former Director of FPT Germany) as Director of its Mergers and Acquisitions division, Tsutomu Hatakeyama (Former CIO of Unilever and DHL Japan) as Deputy Director of FPT Japan and Malay Verma (Former Global Head for the Media Vertical and Cisco Business Unit at Wipro Ltd.) as Chief Sales Officer of FPT USA (FUSA).

In 2015, FPT expects that the group revenue is increased by 13% while its pretax profit is up 16%. The core business sectors will have to meet challenging plans in order to achieve double-digit growth.