FPT aims to increase profit by 18%

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FPT aims to increase profit by 18%

Vietnam News - 2/16/2020 11:00:00 AM

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FPT Corporation plans to earn VNĐ32.45 trillion (US$1.4 billion) this year, with profit before tax of VNĐ5.5 trillion.

The corporation expects revenue to increase 17 per cent over last year and profit before tax to grow 18 per cent.

FPT’s board of directors has just approved the business plan for this year.

Accordingly, with a digital transformation strategy, FPT expects to maintain its high profit growth momentum, in which the technology sector would be its main growth engine.

In addition, the board of directors approved increasing the charter capital of FPT Software from VNĐ2.4 trillion to VNĐ2.8 trillion.

The charter capital for FPT Education would be increased from VNĐ600 billion to VNĐ1 trillion.

FPT Corporation reported profit before tax of nearly VNĐ4.7 trillion on revenues of VNĐ27.7 trillion last year, around a 20 per cent increase in both cases.

Earnings per share was VNĐ4,220, up 19 per cent.

Last year, FPT’s technology segment, its key growth driver, achieved revenues and profits of VNĐ15.78 trillion and VNĐ1.97 trillion, marking respective increases of 17.8 per cent and 30 per cent. — VNS

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