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

News Related


Rubber Group to sell all 10.7 million shares in SIP

Phuoc Dong Industrial Park, operated by Sai Gon VRG Investment Corporation (SIP), is located in the heart of Tay Ninh Province, the junction between HCM City and Phnom Penh. — Photo ndh.vn The... Read more »

Huawei Viet Nam launches Seeds for the Future 2020 programme

Vietnamese ICT outstanding students can learn the latest technologies such as 5G, AI, cloud computing, IoT from the Seeds for the Future 2020 programme. — Photo courtesy of Huawei Huawei Viet Nam has... Read more »

Singapore-based UOB helps lure US$1.12 billion in FDI to Vietnam

This comes on top of over US$2.24 billion that was already secured by the UOB to Vietnam as the bank helps companies seize opportunities in the region’s fastest-growing economy. Read more »

UNICEF to give therapeutic food to Vietnamese children

UNICEF will distribute 10 tonnes of ready-to-use therapeutic food (RUTF) to support children in the central region which was recently severely hit by storms and floods. UNICEF will distribute 10 tonnes of ready-to-use... Read more »

More Vietnamese in Brunei repatriated

Nearly 180 Vietnamese people were flown home today, November 27, from Brunei. Nearly 180 Vietnamese people return home from Brunei on November 27. Photo by VOV. Vietnamese authorities, the Vietnamese Embassy in Brunei,... Read more »

Vietnam records eight new Covid-19 imported cases

Eight returnees from four countries were confirmed Vietnam’s latest Covid-19 cases Friday afternoon, taking the nation’s active case count to 131. Read more »

More Vietnamese female officers to join UN peacekeeping ranks: defense ministry

The Ministry of National Defense is considering increasing the number of female officers among United Nations (UN) peacekeeping personnel. Read more »

“Run for the Heart” race to be held online

The 8th “Run for the Heart” race, an annual event to support disadvantaged children with congenital heart diseases, is taking place online this year. — Photo courtesy of Gamuda Gamuda Land and Heartbeat... Read more »

Vietnam records eight new Covid-19 cases on Friday, tally reaches 1,339

Five Vietnamese people, two Russian and a Japanese nationals who recently arrived in Vietnam have tested positive for SARS-CoV-2, raising the total number of Covid-19 patients in the country to 1,339, the Ministry... Read more »

National Assembly Chairwoman receives outgoing Cuban Ambassador

National Assembly Chairwoman Nguyen Thi Kim Ngan on Friday hosted Cuban Ambassador Lianys Torres Rivera, who came to say goodbye before ending her term in Vietnam. Read more »