Profit before tax increased 34% in 4M2018

Ending the first four months of 2018, FPT recorded revenue of VND 6,526 billion, equal to 106% of the YTD target, profit before tax (PBT) was VND 1,094 billion, equal to 118% of the YTD target. In like for like comparison (FPT Retail and Synnex FPT were regarded as associates for 4M2017), revenue and PBT increased by 22% and 34% year on year (YoY), respectively. Compared to the actual number (no adjustment) of 4M2017, revenue down 51% and PBT up 21% YoY.

Profit after tax (PAT) was VND 919 billion, up 21% YoY. PAT attributable to parent company’s shareholders was up 25% to VND 726 billion and EPS was VND 1,367 up 24% YoY. In addition, PBT margin achieved 16.8%, equal to 2.4 times YoY.

Main business sectors performance

Technology sector recorded revenue and PBT of VND 3,433 billion and VND 369 billion, up 28% and 36% YoY, respectively. In which, the software outsourcing segment recorded revenue of VND 2,268 billion, up 27% YoY. PBT for the reported period was VND 336 billion, up 25% YoY.

Telecom sector had its revenue up 15%, to VND 2,709 billion, PBT was VND 455 billion, up 12% YoY.

Overseas markets had profit up 33% YoY

The overseas markets continued to be a key growth driver for FPT. Ending the first four months of 2018, FPT’s overseas markets recorded a healthy growth with revenue increased by 25% to VND 2,453 billion, and PBT up 33% YoY to VND 378 billion. The overseas revenue contributed 38% to the Corporation’s total revenue, up 22% YoY.