FPT earns $50.5 million during first half of year

Software producer FPT Corporation (FPT) yesterday posted a first-half net profit of nearly VND1.06 trillion (US$50.5 million), VND803 billion ($38.2 million) of which comprised parent company profits, up 7 per cent year-on-year.

The corporation's revenue topped over VND12.48 trillion ($594.3 million) over six months, up 9 per cent from last year.

Technology and Telecom businesses were the biggest contributors, making up 76 per cent of its total profits. Technology (including software, system integration and IT services) grew 23 per cent accounting for 34 per cent of profits, while telecoms grew 12 per cent and 8 per cent, respectively.

Cash and short-term deposits reached nearly VND3.24 trillion ($154.3 million), up 20 per cent year-on-year. Half yearly earnings per share (EPS) was VND2,934, up 5 per cent year-on-year.

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