FPT profit up 9% in first nine months

Covid-19 pandemic, FPT, Covid-19 pandemic, FPT, Markets,
FPT enjoyed good growth in revenue and profit before tax in the first nine months of the year despite Covid-19 pandemic. — Photo courtesy of the company

Despite the COVID-19 pandemic, FPT recorded a rise of 8 per cent in revenue and 9 per cent in profit before taxes (PBT) year-on-year in the first nine months of the year to reach VND21.16 trillion (US$912.9 million) and VND3.8 trillion ($163.9 million), respectively.

The company's profit after taxes (PAT) and PAT attributable to shareholders rose by 8 per cent and 7 per cent, respectively, while earnings per share reached VND3,264, a year-on-year increase of 7 per cent.

Its global IT services sector posted VND 8.7 trillion in revenue and VND1.4 trillion in PBT, respectively, up 12.6 per cent and 13.8 per cent year-on-year.

Of which its revenue from the Japanese and Asia Pacific markets, which have handled the pandemic well, grew by 9 per cent and 44 per cent, respectively.

Pioneering new technology like the Cloud, Internet of Things, and Low code platform, FPT recorded VND 2.47 trillion in digital transformation revenue, up 41 per cent year-on-year.

After the peak of COVID-19 outbreak, the company's domestic IT services started to sign more new contracts with clients in the last few months.

FPT's education services recorded an increase of 59 per cent in the number of new students, with 14,614 students enrolled in September in college, international affiliate programmes, and one-to-12 programmes. — VNS

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