Image: FPT
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For the first four months of the year, FPT’s revenue reached an estimated VND 18,989 billion, up nearly 21% compared to the same period in 2023. Both pre-tax and post-tax profits increased by around 20%, reaching VND 3,447 billion and VND 2,932 billion, respectively. Estimated net profit reached VND 2,455 billion, an increase of nearly 22%. EPS corresponded to VND 1,933 per share.
In terms of main business segments, the Technology block contributed 60% of revenue and 45% of the Company’s pre-tax profit, amounting to VND 11,455 billion and VND 1,548.7 billion, respectively, representing increases of 25% and 26.5% year-on-year.
Specifically, the revenue from the Information Technology Services segment in the overseas market reached VND 9,450 billion, an increase of over 29%. This growth was driven by four key markets, with the Japanese market growing by more than 34% and the APAC market by nearly 32%.
FPT revealed that the volume of new orders in the overseas market reached VND 13,940 billion, an increase of nearly 13%, mainly due to the Company’s early signing of new contracts in December 2023. In the first four months of the year, FPT won 20 large projects with a scale of over USD 5 million per project.
The domestic Information Technology Services segment achieved a revenue of VND 2,005 billion, an increase of nearly 9% compared to the same period last year.
The Telecommunications block accounted for 28% of the Company’s revenue and 32% of its pre-tax profit, amounting to VND 5,365 billion and VND 1,116 billion, respectively, reflecting increases of over 6% and 13% compared to the same period in 2023.
The Education, Investment, and Other block witnessed a revenue growth of nearly 42% and a pre-tax profit increase of 17%, amounting to VND 2,169 billion and VND 784 billion, respectively.
For the full year 2024, FPT expects to achieve a revenue of VND 61,850 billion (~USD 2.5 billion) and a pre-tax profit of VND 10,875 billion, representing year-on-year increases of 18%. After the first four months, the Company has accomplished 31% of its annual revenue and profit targets.
In related news, FPT’s Board of Directors announced the implementation of share issuance plans for 2024. Accordingly, the Company will issue an additional 190.5 million shares from equity capital, with a ratio of 20:3. The issuance is expected to be completed by the third quarter of 2024. If successful, FPT’s charter capital will increase to over VND 14,600 billion.
The record date for determining the list of shareholders for the additional share issuance will be the same as the record date for the remaining 2023 dividend payout. FPT’s Board of Directors also approved the allocation of VND 1,200 billion for the dividend payment, equivalent to a rate of 10% (VND 1,000 per share), which is expected to be made in the second quarter of 2024.
FPT shareholders to receive 10% cash dividend and 15% bonus shares
Following this positive news, FPT’s share price continuously reached new highs, surpassing the VND 136,000 per share mark during the trading session on May 21, the highest price in more than 17 years since its listing. This represents an increase of over 40% compared to the beginning of the year. Market capitalization corresponds to nearly VND 173,000 billion (~USD 7 billion).
| FPT’s Market Capitalization Reaches a Record High |
