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FPT reports high profit in 2022

The Saigon Times

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HCMC – FPT Corporation, which trades its FPT shares on the Hochiminh Stock Exchange, posted over VND44 trillion in revenue and VND7.65 trillion in pre-tax profit in 2022, up 23.4% and 20.8% year-on-year, respectively.

The tech firm’s domestic and global information technology (IT) services played a key role in its business performance, accounting for 58% of its revenue and 45% of its pre-tax profit.

Revenue from its global IT services amounted to VND18.9 trillion, up 30.2% year-on-year. Notably, the firm reported an increase in revenue from its operations in all markets, especially in the United States (up 50%) and the Asia-Pacific region (up 36.4%).

Its digital transformation revenue reached VND7.3 trillion, a year-on-year increase of 33%.

The firm reported VND6.6 trillion in domestic IT service revenue, up 6.3% year-on-year. Products made by the FPT ecosystem generated VND1.15 trillion in revenue, up 54.3%.

In addition, the strong demand for education in the IT industry contributed to pushing FPT’s education revenue up 53% year-on-year.

At the close today, January 19, FPT advanced 0.6%, extending its winning streak for a fourth straight session.

On the HCMC exchange, the VN-Index gained 9.8 points, or 0.89%, from the session earlier, at 1,108.08, with 294 winners and 119 losers. Over 617.7 million shares worth VND11.7 trillion changed hands, up 14% in value against the previous session.

Many large-cap stocks were main drivers of the index, with lender VCB and insurer BVH jumping by over 3%.

Steelmaker HPG took the lead by liquidity with 44 million shares changing hands, but closed down.

The HNX-Index of the Hanoi exchange maintained its uptrend as it advanced 2.14 points, or 0.98%, from the previous session, at 219.87.

Securities firm SHS improved 4.2% and was the most actively traded stock with a matching volume of 18.4 million shares.

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