Profit before tax increased by 32% in 1H2018

In 1H2018, revenue and PBT exceeded the YTD target and achieved strong growth of 19% and 32% year on year (YoY), respectively, in like for like comparison (FPT Retail and Synnex FPT were regarded as associates for 1H2017). FPT recorded revenue of VND 10,225 billion, equal to 105% of the YTD target, profit before tax (PBT) was VND 1,687 billion, equal to 113% of the YTD target. Compared to the actual number (no adjustment) of 1H2017, revenue is down 49% and PBT is up 18% YoY.

Profit after tax (PAT) was VND 1,412 billion, up 17% YoY. PAT attributable to parent company’s shareholders was up 19% to VND 1,103 billion and EPS was VND 1,803,  up 19% YoY. In addition, PBT margin achieved 16.5%, equal to 2.3 times that of 1H2017.

Performance of main business sectors

Technology sector recorded revenue and PBT of VND 5,457 billion and VND 592 billion, up 21% and 31% YoY, respectively. In which, the software outsourcing segment recorded revenue of VND 3,578 billion, up 29% YoY. PBT for the reported period was VND 532 billion, up 23% YoY.

Telecom sector had its revenue up 15%, to VND 4,191 billion, PBT was VND 727 billion, up 17% YoY.

Overseas markets' profit up 35% YoY

The overseas markets continued to be a key growth driver for FPT. In 1H2018, FPT’s overseas markets recorded a healthy growth with revenue increased by 27% to VND 3,887 billion, and PBT up 35% YoY to VND 607 billion. The overseas revenue contributed 38% to the Corporation’s total revenue, up 23% from 15% in 1H2017.

With a strategic focus on digital transformation, this service line’s revenue from overseas markets was VND 742 billion, up 41% YoY. Through acquiring 90 percent of Intellinet Consulting, LLC – an IT consulting firm among the top 50 fastest growing consulting firms in the US, FPT will provide more comprehensive services with higher added value to leading global companies, especially in digital transformation.