FPT records $2 billion in revenue

FPT Corporation recorded consolidated revenue of VND40.5 trillion (US$1.8 billion) last year, a year-on-year increase of 1.4 per cent.


Pre-tax profit was up 6 per cent year-on-year to more than VND3 trillion. Profit after tax was VND2.6 trillion, 6 per cent higher than the previous year.
The corporation’s technology and telecom sectors sustained the double-digit growth, accounting for 76 per cent of the consolidated pre-tax profit.
The firm’s technology sector recorded revenue and pre-tax profit of VND9.9 trillion and VND1.1 trillion, a year-on-year increase of 16 per cent and 19 per cent, respectively.
The telecom sector saw revenues rise 22 per cent to VND6.67 trillion, and pre-tax profit up 15 per cent to VND1.2 trillion.
In the distribution and retail sector, the retail segment continued to be a highlight last year with revenue up 35 per cent year-on-year, and pre-tax profit up 44 per cent.
Meanwhile, the distribution business has recorded a drop in revenue and profit due to Apple’s change in distribution policy and Microsoft’s closure of its Lumia phone business.
The education segment continued to perform reasonably with 18 per cent surge in number of enrolments versus 2015, in which the university has recorded the highest growth of 36 per cent in terms of number of enrolled students.
FPT’s overseas market has recorded healthy growth with revenue increasing 26 per cent year-on-year to VND6.12 trillion, and pre-tax profit up 40 per cent to VND936 billion. This sector continues to be a key growth driver for the future.
Overseas performance mainly came from two segments. Firstly, the software outsourcing segment which focuses on developed markets such as Japan, South Korea and the US.
Secondly, the software solutions segment which focuses on developing markets such as Cambodia and Bangladesh. The firm successfully implemented Bangladesh’s integrated income tax administration system, demonstrating FPT’s capabilities in delivering software solutions overseas, opening up opportunities to win more contracts going forward.
The company signed another two sizable contracts, amounting to $17.9 million last year.
Nguồn: VNS