FPT estimates Q1/2012 profit growth at 12pct

At the annual general meeting (AGM) 2012, FPT Joint Stock Co (coded FPT)’s leader said that in the difficult economic context, the company still posted high growth, of which, FPT Telecom and FPT Online reposted the best business performance in the first quarter of 2012.

In particular, according to the preliminary calculation, in Q1/2012, FPT Telecom reached a growth rate of 31 percent in pre tax profit over the same period last year and FPT Online’s growth was 30 percent.

The retail sector saw the strongest impact with decreasing purchasing power (about 20-25 percent on year), which led to a year-on-year fall of 10 percent in revenue of FPT Trading. However, its profit still grew 3 percent on year.

In addition, profit of FPT IS still grew 18 percent on year and the profit from FPT University increased by 7 percent.

Therefore, the group’s profit growth in Q1/2012 was about 12 percent if excluding fiscal statements of affiliates in sectors of securities, finance and fund management.

In 2012, FPT targets to bring 31.3 trillion dong in revenue and pre tax profit at three trillion dong. However, if in Q2 and Q3, the economy has more satisfactory signals, the group will adjust its business plan, the company’s general said.

 

Category: Business