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The domestic market has not recovered, FPT reported a pretax profit of 563 billion - down 13%
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Software export sectors Retail and technology products continue to be the two biggest bright spot of business activity in Q1. FPT Corporation (code: FPT) has announced the 1/2016 quarter business results with consolidated revenue reached 8567 billion. Profit before tax was 563 billion, down 12.8% in the same period last year. Profit after tax of shareholders of parent company 346 billion.
According to FPT, the indicators of revenue and profit in Q1 was higher than planned growth quarter but lower than the same period last year due to increased investment company for telecommunications infrastructure and local market still no signs of recovery. According to FPT, the company has been estimated and included in the plan of Q1.
It is expected that the investment costs for telecommunications infrastructure and will lower revenue fields from the domestic market including software solutions, system integration, IT services will begin to record revenue over the same period from the quarter 3/2016.
Software export sectors Retail and technology products continue to be the two biggest bright spot of business activity in Q1 Specifically, the field of software exports recorded 42% growth in sales revenues and 18% of profit before tax. In particular, revenue from Japan - the biggest market of FPT in foreign countries grew 57% over the same period, the highest growth rate of this market in recent years.
The retail sector also recorded impressive growth with an increase of 35% in revenue and 47% of profit before tax in the quarter 1.
Mai Linh
According to Young Intellectuals
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18/8/2025
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