FPT Online posts 83.1b dong after tax profit in 2010

01-Mar-2011 Intellasia | Vietbiz24 | 7:01 AM

FPT Online Service Joint Stock Co (FPT Online) has recently announced the business results in 2010 with 418 billion dong of net revenue, up 217 billion dong or 108 percent year-on-year.

The company’s combined profit was 209.4 billion dong, increasing 94 billion dong or 81.5 percent against 2009′s.

After deducting for expenditures, FPT Online gained 83.1 billion dong of after tax profit, rising 27.5 billion dong or 49.5 percent over the previous year.

Early 2010, according to the plan approved by the company’s annual shareholders’ meeting, FPT Online targeted 600 billion dong of revenue and 135 billion dong of after tax profit. Thus, it fulfilled only 70 percent of the year’s revenue target and 61.5 percent of the year’s profit plan.

FPT Online now with a chartered capital of 76 billion dong is a subsidiary of FPT Group Joint Stock Co (FPT).

FPT Online specialises in sectors such as online advertisement, Game online, online music, social network and SMS services.