According to FPT’s report, its revenue in the first nine months of this year increased by nine per cent to reach VND31,131 billion (roughly US$1.37 billion). The Corporation’s after-tax profit was VND1,955 billion (US$86.18 million), up 12 per cent year-on-year.
Technology and telecommunications which contributed to 73 per cent of FPT’s profit continue to be the backbone of this corporation. These two sectors maintained a double-digit growth rate of 16 per cent and 10 per cent respectively in the first nine months of this year.
FPT revealed that its revenue from foreign markets in first nine months of 2017 reached VND4,879 billion (roughly US$215.08 million), 17 per cent higher than the same period of last year, bringing about VND741 billion (roughly US$32.66 million) of earnings before tax which accounted for one third of FPT’s total profit.
Lately, FPT has completed the selling of 30 per cent stake in FPT Retail to investment funds managed by VinaCapital, Vietnam’s leading investment management and real estate development firm, and Dragon Capital, the largest fund manager in Vietnam.
Under the Corporation’s plan, 10 per cent stake in FPT Retail will be sold to individual investors via Initial Public Offering (IPO). FPT Retail will list its shares on the Hochiminh Stock Exchange(HOSE) before May 2018.
In the field of distribution, FPT has sold 47 per cent stake worth US$35 million in FPT Distribution to Synnex, a Taiwan-based information technology, and consumer electronic products distributor.
However, the total profit from these divestments was not recorded in FPT's report for the first nine months of this year.
Today, FPT’s shares are traded at the price of VND49,500 (roughly US$2.182) per share.
