FPT Corporation overcame challenges due to the COVID-19 pandemic in both the global and domestic markets to achieve positive financial results in the first half of the year, especially in core business lines.
FPT enhances communication with customers via online channels. The company in the first half of the year enjoyed good growth in revenue and profit before tax despite the COVID-19 pandemic. — Photo courtesy of the company
HCMCity (VNS/VNA) - FPT Corporation overcame challenges dueto the COVID-19 pandemic in both the global and domestic markets toachieve positive financial results in the first half of the year, especially incore business lines.
Itstotal revenue and profit before tax (PBT) went up by 9 percent and 14 percentover the same period last year to reach 13.6 trillion VND (589.3 million USD)and 2.4 trillion VND (104 million USD), respectively.
ItsPBT margin was slightly up at 17.8 percent compared to 17.1 percent in 2019.
Earningsper share reached 2,078 VND, up 14.1 percent year-on-year.
Inmany of FPT's core foreign markets, governments have implemented socialdistancing and lockdowns, making it difficult to approach clients. Butthanks to its right business strategy, growth in revenue and PBT inits global IT services segment was at 18 percent and 21 percentyear-on-year, accounting for 43 percent and 37 percent of its total.
Totalvalue of newly signed contracts increased 16 percent in the first half of theyear. In particular, FPT outbid other global competitors to become thestrategic partner of a leading automotive company in the US in a 20 million-USDIT project.
Inthe domestic, the business lines that provide essential needs such as telecomservices and education operated well throughout the lockdown period.Telecom services’ revenue and PBT posted 5.2 trillion VND and 833 billion VND,up 12 percent and 22 percent. Of the figure, broadband revenue and PBTincreased by 10 percent and 18 percent.
COVID-19has accelerated the demand for digital technology. In the first six monthsof 2020, revenue from digital transformation recorded 1.7 trillion VND, up 65 percent,signaling how crucial it has been for businesses to adopt digitaltechnology during the pandemic.
Thecompany also introduced a complete digital solutions portfolio to helpenterprises recover and thrive after the pandemic by optimising costs,automatising process, and enhancing innovation and security./.
FPT Corporation is aiming to earn 32.45 trillion VND (over 1.38 billion USD) in revenue and 5.51 trillion VND in pre-tax profit this year, gaining 17 percent and 18 percent respectively against 2019.
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FPT enhances communication with customers via online channels. The company in the first half of the year enjoyed good growth in revenue and profit before tax despite the COVID-19 pandemic. — Photo courtesy of the company 
