Net profit attributable to parent company's shareholders increase by 12% after 8

After the first 8 months, FPT reached VND 25,977 billion in revenue, an increase of 24% year-over-year (yoy), reaching 107% of the year-to-date (YTD) plan. Profit before tax (PBT) was VND 1,766 billion, up 11% yoy, completing 102% of the YTD plan.

Profit after tax attributed to parent company’s shareholders reached VND 1,139 billion, increasing by 12% yoy. Earnings per share (EPS) was VND 2,871, up 12% yoy.

The technology sector, including Software development, System integration and IT services segments delivered VND 4,818 billion in revenue, a 34% increase and VND 518 billion in profit before tax, a 20% increase over the same period.

Telecommunications sector, including telecom services and digital content segments recorded revenue growth of 11% and an increase in profit before tax of 6% yoy, reaching VND 3,485 billion and VND 727 billion, respectively.

For the Distribution - Retail sector, revenue and PBT increased by 24% and 29%, yoy, reaching VND 17,273 billion and VND 465 billion, respectively. Notably, PBT of the Retail segment grew by 255% over the same period in 2014.

The globalization strategy maintained impressive results for the first 8 months with VND 2,928 billion, or USD 135 million in revenue, a 46% growth yoy.

On September 17, succeeding against five competitors from developed countries, including the United Kingdom, France, Canada, China and Luxembourg, FPT was officially chosen to implement a project entitled “Provision, deployment and maintenance of the Integrated VAT Administration System” (IVAS) by the Tax Department of Bangladesh. With a total value of USD 33.6 million, this is the biggest turnkey IT contract in the history of Bangladesh. The project value is equivalent to 1/10 of the total trade turnover between Vietnam and Bangladesh during the first six months of 2015 (USD 310 million). IVAS is expected to create new opportunities to bring Vietnamese expertise into developing markets.