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Thursday, September 19, 2024

FPT’s Jan-Jul pre-tax profit up 20% y-o-y

The Saigon Times

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HCMC – FPT Corporation (HOSE: FPT) made nearly VND6.8 trillion in pre-tax profit in the first seven months of this year, up by nearly 20% from a year earlier, according to its earnings report.

Its revenue during the period rose by 20.5% to VND34.24 trillion while net profit increased by 23% to around VND4.3 trillion.

In July, FPT’s pre-tax earnings reached VND875 billion and its net profit totaled VND613 billion, up by 20% and 25% over the same period last year, respectively.

FPT has set a revenue target of VND61.85 trillion and aims for VND10.88 trillion in pre-tax profit in 2024, both up by 18% against the previous year. As of July, the company had completed 55% of its revenue target and 56% of its profit goal.

Closing the trading session today, August 19, FPT shares edged down by a slight 0.08% to VND130,500 per share, with a trading volume of nearly 2.5 million.

The VN-Index added 9.39 points, or 0.75%, to close at 1,261.62 points on Monday, with 267 winners and 152 losers.

Trading volume on the Hochiminh Stock Exchange was 698.6 million shares worth VND16.78 trillion, down by more than 27% over the previous session. Block deals contributed 88.8 million shares worth VND2.28 trillion to the overall value.

The VN30-index, which tracks the 30 largest-cap stocks, gained 7.36 points to 1,299.04 points. Only four bluechips, SSI, PLX, HDB and FPT, declined slightly and 18 others advanced.

VNM increased by 3%, SAB by 2.7%, and GAS by 2.3%, collectively adding 3.5 points to the main index.

PNJ stole the lime light as it surged to its ceiling price of VND104,900 per share, with a matching volume of nearly five million shares.

The securities sector adjusted downward, while other sectors generally continued making gains, albeit at a reduced rate. VIX edged up by 0.4% and took the lead by liquidity with 25.14 million shares traded.

On the Hanoi Stock Exchange, the HNX-Index inched up by 0.86 point, or 0.37%, closing at 236.01 points, with 69 advancers and 84 decliners.

Total trading volume on the northern exchange was 52.91 million shares valued at a total of VND1.1 trillion.

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