Overseas revenue up 34% year over year after six months

In the first six months of 2016, FPT has recorded consolidated revenue and profit before tax of VND 17,818 billion and VND 1,258 billion, equal to 95% and 100% of the year-to-date guidance, respectively. Profit after tax attributable to parent company’s shareholders was VND 862 billion, equal to 102% of the year-to-date (YTD) guidance. However, earnings metrics were lower than prior year period due to foreseeable factors, which have been accounted for in the YTD guidance, including that firstly, Technology sector recorded lower revenue versus prior year period as the domestic market has yet recovered. Secondly, the Telecom sector has completed the fiber optic swap project in major cities and is now under the cost allocation period. Thirdly, the Distribution segment recorded lower revenue from distributing iPhone to major customers.

Ending the first six months, overseas markets showed encouraging result with VND 2,713 billion of revenue, up 34% year over year, and VND 377 billion in profit before tax, up 31% year over year. In which, the largest contribution was from the Software outsourcing segment with its revenue up 37% year over year, reaching 100% of the YTD target.

Japan market, which is the largest overseas market of FPT, has delivered the highest growth rate in recent years with 52% of growth versus 6M2015 in USD term (excluding the effect of JPY appreciation).

Besides, the Retail segment continued to perform outstandingly, up 32% in revenue and 38% in profit before tax, reaching 104% and 113% of the YTD target, respectively. In the first six months, the Retail segment has opened another 66 shops nationwide, and gaining more market share in smartphone, laptop and tablet categories.