In the first seven months of the year, FPT’s revenue reached VND 34,243 billion, with a pre-tax profit of VND 6,075 billion, a respective increase of 20.5% and nearly 20% compared to the same period last year. Net profit rose by almost 23% to VND 4,285 billion, corresponding to an EPS of VND 2,934 per share.
For the full year 2024, the company targets a revenue of VND 61,850 billion and a pre-tax profit of VND 10,875 billion, representing an 18% increase for both metrics compared to 2023. These figures are record-breaking in the company’s operating history. As of the end of July, FPT has achieved 55% of its annual revenue target and 56% of its profit goal.
In July alone, pre-tax profit and net profit reached VND 875 billion and VND 613 billion, respectively, a respective increase of 20% and 25% year-over-year.
Focusing on the main business areas, the Technology segment contributed 62% of the company’s total revenue and 47% of its pre-tax profit in the first seven months of 2024, amounting to VND 21,138 billion and VND 2,875 billion. These figures reflect an increase of nearly 25% and over 21% compared to the same period in the previous year.
Within this segment, IT services for the overseas market generated VND 17,202 billion in revenue, a rise of nearly 30% year-over-year. This growth was supported by the Japanese and APAC markets, which increased by 34.5% and over 34%, respectively. Additionally, digital transformation revenue reached VND 7,705 billion, an increase of over 32%, while domestic IT services contributed VND 3,936 billion in revenue, a rise of over 7%.
During these seven months, the value of new orders signed in the overseas market reached VND 21,553 billion, an increase of nearly 24%. FPT reported winning 28 large-scale projects with a value of over USD 5 million each.
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Financial Performance of FPT’s Main Business Segments in the First Seven Months of 2024
Source: FPT
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The Telecommunications Services segment recorded a revenue of VND 9,725 billion and a pre-tax profit of VND 2,063 billion, an increase of over 8% and nearly 16%, respectively, compared to the same period last year. Meanwhile, the Education, Investment, and Other segment generated a revenue of VND 3,380 billion, a rise of 34%, and witnessed a nearly 25% increase in pre-tax profit, reaching VND 1,137 billion.
Bamboo Capital (BCG) surpasses 4,000 billion VND in revenue, reduces debt by 5,500 billion VND by 2023
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Tracodi (TCD) earns 163 billion VND profit in 2023
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Profit from Sugarcane, Durian, and Leafy Vegetables with the Lunar New Year approaching
Good news for farmers in the Mekong Delta provinces as the prices of sugarcane, durian, and vegetables… have skyrocketed during the days leading up to the Lunar New Year, providing them with attractive sources of income.
