HCMC – FPT Corporation (HoSE: FPT) posted a 19.9% year-on-year rise in pre-tax profit in the third quarter of 2024, at VND3 trillion, aligning closely with the company’s projections for the year.
The company had reported robust growth in the year through September. Its revenue totaled VND45.2 trillion, up by 19.3% year over year, while its pre-tax profit rose by 19.8% to VND8.1 trillion.
Fueling this impressive growth is FPT’s technology sector services, which saw revenue surging by 24.2% year-on-year to VND27.9 trillion. Its global IT services, in particular, saw growth of 28.6%, with strong performance in Japan and the Asia-Pacific region.
The firm looks to obtain revenue of VND61.85 trillion and pre-tax profit of nearly VND19.9 trillion in all of 2024, both up by 18% over 2023. FPT has achieved 73% of its revenue target and 75% of its profit goal so far this year.
Closing the trading session today, October 18, FPT stayed flat at VND137,000 per share, with a matching volume of over 2.1 million shares.
The VN-Index of the Hochiminh Stock Exchange moved sideways at the close, inching down by 1.06 points, or 0.08%, to 1,285.46 points, with 157 winners and 211 losers.
Total trading volume on the southern market reached 689 million shares valued at VND15.38 trillion, including 81.21 million shares worth VND1.47 trillion being traded through block deals.
The VN30-Index, which tracks the 30 largest cap stocks, edged down by 0.2 point to 1,362.69 points. In the VN30 basket, 12 bluechips gained and 13 others dipped.
STB and HDB were the best performers, rising 2.7% and 1.5% respectively, while VPB recorded the steepest loss, at 1.7%.
Bank stocks attracted investors, with nine out of the 10 most actively traded stocks coming from the sector. STB took the lead by liquidity with a trading volume of 32.9 million shares, rising 2.75% to VND35,550.
VIB improved by 0.8% to VND19,500 per share, with a matching volume of nearly 30 million shares, while EIB climbed 3.46% to VND19,450 with 27.2 million shares traded.
Securities stocks saw broad declines. SSI and HCM fell by 0.5%, with each having more than 11 million shares traded. Other stocks in the sector, including VCI, VIX, VND and FTS also inched down by around 0.5%.
On the Hanoi Stock Exchange, the HNX-Index lost 0.91 point, or 0.4%, to close at 229.21 points, with 57 advancers and 83 decliners. There were 34.8 million shares worth VND661.8 billion changing hands on the northern market.
