FPT profits up in H1 thanks to strong overseas branches

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FPT profits up in H1 thanks to strong overseas branches

Vietnam News - 8/1/2015 10:45:38 AM

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The country's software giant FPT Corporation (FPT) released the company first-half financial report, citing pre-tax profits of VND1.35 trillion (US$63.3 million), a 10 per cent increase over last year's H1 figure.

The holding company's after-tax profit increased by 12 per cent to VND881 billion ($41.3 million) over last year.

The company's earnings-per-share also rose by 12 per cent to VND2,224.

FPT's combined revenue rose by 27 per cent over last year to VND19.32 trillion ($907 million), 108 per cent of this year's plan.

The company said that the growth of sales in the company's technology sector and distribution-retail sector was the major factor that helped FPT achieve such high profits and revenue.

The technology sector recorded VND3.46 trillion ($158 million) in revenue and VND395billion ($11.3 million) in pre-tax profit for the first-half, an increase of 27 per cent and 14 per cent, respectively.

FPT's growing overseas branches is a key factor in its growth. Its overseas business increased 44 per cent to $98 million in revenue in the first half of this year.

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