FPT profits up thanks to strong overseas branches

16:50 | 05/08/2015 Companies

The country's software giant FPT Corporation (FPT) released its first-half financial report, citing pre-tax profits of 1.35 trillion VND (63.3 million USD), a 10 percent increase over last year's figure.

FPT profits up thanks to strong overseas branches

FPT Corporation totalled US$63.3 million in pre-tax profits in the first half of this year (Photo: www.fptshop.com.vn)

The holding company's post-tax profit increased by 12 percent to 881 billion VND (41.3 million USD) over last year.

The company's earnings-per-share also rose by 12 percent to 2,224 VND.

FPT's combined revenue rose by 27 percent over last year to 19.32 trillion VND (907 million USD), 108 percent 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 3.46 trillion VND (158 million USD) in revenue and 395 billion VND (11.3 million USD) in pre-tax profits for the first-half, representing increases of 27 percent and 14 percent, respectively.

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

Source: VNA

Theo ven.org.vn