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FPT lowers full-year target despite Jan-July revenue rise of 11%

The Saigon Times

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HCMC – FPT Corporation (HOSE: FPT) has cut its full-year growth forecast though it posted an 11% rise in revenue in the first seven months of 2025.

Its revenue from January to July reached VND38.1 trillion, while its pre-tax profit rose 18% to VND7.2 trillion, and its net profit increased 20% to VND5.15 trillion.

The company now targets revenue growth of 15% and profit growth of 18–19% for 2025, down from its earlier forecasts of 20% and 21%.

The technology segment accounted for 62% of its total revenue at VND23.5 trillion, up 11% year-on-year. Its pre-tax profit from this segment rose 14% to VND3.29 trillion.

Overseas IT services generated VND19.5 trillion, a 14% increase. Revenue from the Japanese market jumped nearly 28% to VND8.59 trillion. New overseas contracts totaled VND23.7 trillion, up 8% from a year earlier.

Telecommunications contributed VND11 trillion in revenue, up 13%, and VND2.47 trillion in pre-tax profit, up 20%.

The education and investment segments combined reported VND3.57 trillion in revenue and VND1.43 trillion in pre-tax profit, up 5% and 26%, respectively.

FPT closed down 0.89% today, August 18, at VND100,500, extending its losing streak to four straight sessions. Nearly 11.4 million shares changed hands.

The VN-Index gained 6.37 points, or 0.39%, to end at 1,636.37 points, with gainers outnumbering decliners by 199 to 130. Trading volume reached more than 1.6 billion shares worth nearly VND45.1 trillion, down over 22% in volume and 24% in value over the previous session. Block deals accounted for 95.5 million shares worth over VND2.3 trillion.

The VN30-Index, which tracks the 30 largest-cap stocks, added 3.12 points to 1,786.37, with 12 bluechips advancing and 17 others falling. Bank shares supported the market, with TPB rising 3.3%, VPB 2.9%, and LPB 2.8%. VJC dropped 2.2%, SSI fell 2.1%, and STB slipped 2%.

Energy stocks performed well, driven by BSR, which surged to its ceiling price of VND26,000 on a volume of nearly 12 million shares. Foreign investors bought a net 1.3 million BSR shares. PLX and PVD also gained.

Insurance, steel, fertilizer, port and public investment stocks edged higher. In the banking group, SHB rose 2.2% with 104 million shares traded, while TPB and VPB advanced with strong liquidity. SHB was the most actively traded stock on the market.

In the securities sector, VIX gained 6.6% to a record VND37,000. Smaller brokerages DSE, DSC and TCI hit their ceiling prices.

Real estate stocks were mixed. PDR jumped to its ceiling price of VND25,650, with over 54 million shares traded. NVL and DXG slipped slightly, each with about 35 million shares matched.

On the Hanoi Stock Exchange, the HNX-Index gained 1.53 points, or 0.54%, to 283.87 points, with 108 advancers and 68 decliners. Trading volume on the northern exchange reached 153.7 million shares worth VND3.42 trillion.

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