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FPT announces big revenue boost for year
The Financing and Promoting Technology Corporation (FPT) on Oct. 13 announced total revenue of more than 12.4 trillion VND (754.5 million USD) for the first nine months of this year, a year-on-year increase of 36.7 percent, or 83.3 percent of the 2008 target.
Of the total, pre-tax profit hit over 843 billion VND (51 million USD), increasing 27.9 percent against the same period last year. The third quarter alone saw revenue of more than 3.7 trillion VND (228.6 million USD), a year-on-year rise of 17.5 percent.
Speaking at a press conference on Oct. 13, the corporation deputy chief executive officer, Bui Quang Ngoc said FPT planned to reach total revenue of 1 billion USD this year despite the spreading global financial crisis. “The corporation plans to increase its charter capital by 50 percent by issuing bonus shares for existing shareholders from the surplus capital with the ratio 2:1.”
FPT, formerly known as FPT Joint Stock Company, officially established two software companies in the USA and Australia, named FPT USA Corp and FPT Australia Ltd in order to promote its service providers and software’s processors in two potential markets. The planned revenue of both companies next year will reach 13 million USD.
SBI Holdings (SBI) officially became a new shareholder of FPT Capital on September 20 with 8.17 percent of stakes in the firm. SBI said it aims to raise its shares to just under 49 percent under domestic law.
VNA
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