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FPT Group exceeds revenue target

Released at: 16:23, 20/12/2014

FPT Group exceeds revenue target

Revenue for first eleven months higher than same period of 2013.

by Huyen Thanh

FPT Group’s revenue in the first eleven months reached VND30.8 trillion ($1.43 billion), an increase of 24 per cent compared to the same period last year and more than 110 per cent of its target.

The revenue increase can be attributed to growth in software exports (of 30 per cent), telecommunications (19 per cent), distribution (22 per cent) and retail (80 per cent). Distributing iPhone 6 and iPhone 6 Plus saw FPT Trading’s revenue increase sharply. In November alone, revenue was VND655 billion ($30.4 million); five-fold the figure in previous months. In the first eleven months, pre-tax revenue reached VND2.26 trillion ($105 million), an increase of 1 per cent compared to the same period last year. After-tax profit reached VND1.48 trillion ($68.8 million), up 7 per cent.

Foreign markets continue to drive sales and profits thanks to the group’s expansion efforts and M&A strategy. Revenue from foreign markets was VND3.2 trillion ($152 million), up 41 per cent compared to the same period last year. Pre-tax revenue, meanwhile, was VND527 billion ($24.5 million), up 14 per cent.

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