FPT tots up 2010 profits

January 20, 2011 | 18:14

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Distribution and hi-tech production was still the main revenue source for the country’s leading information and communication technology group, FPT Corporation, in 2010.

The 2010 financial report from FPT released on January 20 reads that among its five core businesses, revenue from distribution and hi-tech production sector accounted for the biggest part – or 65 per cent of the total corporation’s revenue in 2010, valued at VND13.3 trillion ($667 million).

FPT’s total revenue for 2010 was VND20.5 trillion ($1.0 billion), a year-on-year increase of 9.5 per cent against the figure in 2009.

The FPT Integrated System, software solution and informatics services followed with revenue of VND3.2 trillion ($162.5 million), accounting for 15 per cent of the total.

The telecom sector followed, making up 11 per cent, while software exports mustered 4.8 per cent and education 1.3 per cent.

However, FPT’s distribution and hi-tech production’s pre-tax profit was ranked third in profit making sectors of the corporation. The telecom sector made the largest pre-tax profit of VND601 billion ($30 million); the integrated systems, software solution and informatics services followed with a pre-tax profit of VND484 billion ($24.2 million). The distribution and hi-tech production followed with VND411 billion ($20.5 million).

The corporation plans to earn revenue of VND24.5 trillion ($1.22 billion) this year, posting a year-on-year increase of 20 per cent. The company is also predicting a pre-tax profit of VND2.4 trillion ($120 million), a year-on-year increase of 20 per cent.

By Trang Anh

vir.com.vn

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