The Corporation for Financing and Promoting Technology (FPT) posted a net revenue of VND5.9 trillion (US$368.7 million) in the first half of this year, an on-year increase of 25 per cent, state media said.
The figure has completed 40 per cent of the full-year target, said FPT deputy chairman Hoang Minh Chau.
FPT, one of Vietnam’s leading IT firms, raked in VND506 billion (US$31.6 million) in pretax profit in the period, comprising 64 per cent of the company’s set target for the year, seeing a double increase over the same period last year.
Last year, FPT earned a total of VND11.7 trillion (US$731.2 million), an increase of 42.4 per cent on-year.
Earnings per share in the first six months of the year was VND4,012, up 43 per cent.
"We believe that we will reap good business results in the next six months, surpassing the set target for 2007," Chau said.
Based on its strengths in IT sector with 7,000 skilled employees now, the corporation has expanded its operation to other sectors such as finance, banking and real estate.
FPT will put into operation the FPT Securities Company in mid-August, the VND1 trillion FPT Bank with FPT holding 15 per cent stake in fourth quarter.
Recently, investors have sold more FPT shares, causing the decrease of their price. On July 13 alone, foreign investors sold more than one million shares, the largest volume ever, responding to the corporation’s plan to enter new sector.
However, Chau said in confidence that: “The expansion is not as risky for FPT shares as many people think, because the sectors we have chosen to enter are not completely new to us. We have experience and advantages in these fields.”
Moreover, the widening of FPT’s operational scale was stemmed from the government requirements. The Government tasked the company to develop infrastructure for the Hoa Lac Hi-tech Zone, which was reason for FPT’s decision to set up a real estate company, he added.
(VNA, Vnexpress)
Vietnamese
