In 2019, FPT technology sector’s profit increased by 30%

In 2019, FPT’s revenue reached VND 27,717 billion, up 19.4% YoY, exceeded 4% of the 2019 target. Profit before tax (PBT) was VND 4,665 billion, up 20.9% YoY, exceeded 5% of the 2019 target.

Profit after tax (PAT) and PAT attributed to parent company’s shareholders were VND 3,912 billion and VND 3,135 billion, up 21.0% and 19.7% YoY, respectively. EPS was VND 4,220 up 19.0% YoY. Moreover, the PBT margin was improved to 16.8% (16.6% in 2018).

With the digital transformation strategy, FPT expects to maintain the 2019 growth momentum in 2020 based on the technology sector as a key growth driver of FPT.

Financial performance by sector: Technology sector’s PBT soared by 29.9% YoY

As a key growth diver of FPT, Technology sector recorded revenue and PBT of VND 15,783 billion and VND 1,973 billion, up 17.8% and 29.9% YoY, respectively.

Telecom sector had its revenue up 17.7% to VND 10,398 billion. PBT was VND 1,808 billion, up 24.1% YoY. In which, Telecom services’ revenue and PBT reached VND 9,789 billion and VND 1,488 billion, up 18.0% and 30.2% YoY, respectively.

Financial performance by market: Overseas markets' PBT up 26.9% YoY

In 2019, overseas markets brought FPT with revenue of VND 11,452 billion, up 25.7% YoY, accounting for 41% of FPT’s revenue. In which, the IT services from global market recorded revenue of VND 10,848 billion, up 28.5% YoY. The US and APAC markets of the technology sector delivered an outstanding performance with revenue growth of 47% and 43% YoY, respectively.

The overseas market recorded a PBT growth of VND of 26.9% YoY to VND 1,894 billion, accounting for 41% of FPT’s result,  underpinned by the technology sector with PBT of VND 1,723 billion, up 26.7% YoY.