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FPT targets $2.07 billion in revenue this year

Released at: 18:08, 03/02/2016

FPT targets $2.07 billion in revenue this year

Target a 14.5% increase after revenue grows 14% in 2015.

by Ngoc Chi

Based on its 2015 results, FPT has targeted revenue of nearly VND46 trillion ($2.07 billion) this year, up 14.5 per cent compared to last year. Pre-tax profit is expected to reach VND3.15 trillion ($141.75 million), up 10.5 per cent.

In its latest report, released on February 2, FPT announced revenue in 2015 of over VND40 trillion ($1.8 billion), up 14 per cent compared to 2014 and representing 101 per cent of its plan. Profit before tax was over VND2.8 trillion ($126 million), up 16 per cent, while profit after tax was VND2.4 trillion ($108 million), up 17 per cent.

Technology, including software development, systems integration, and information technology services, recorded revenue of VND8.6 trillion ($387 million) in 2015, up 22 per cent, with profit before tax of VND926 billion ($41.67 million), up 25 per cent.

Telecommunications, including telecommunications services and digital content, saw revenue of VND5.48 trillion ($246.6 million), 16 per cent higher, with profit before tax at over VND1 trillion ($45 million), 10 per cent higher.

Meanwhile, its retail and distribution activities brought in revenue of VND25.2 trillion ($1.13 billion), up 11 per cent, for profit before tax of VND729 billion ($32.8 million), up 24 per cent.

Revenue from foreign markets stood at VND4.8 trillion ($221 million), an increase of 41 per cent compared to 2014, with profit before tax of VND674 billion ($30.33 million), up 17 per cent.

Technology and retail and distribution will be the main engines of FPT’s growth in 2016, with the group to also invest heavily in telecommunications infrastructure and research and development.

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