FPT earns US$384 million in first quarter

Profit before tax was VND563 billion, 10% higher than targeted. Profit after tax was VND346 billion, or 104% of the target, while earnings per share stood at VND870 (US$0.039), or 104% of the target. 

While revenue and profit results all exceeded the year-to-date target they are lower than last year due to greater investments in telecom infrastructure and saturation in the domestic market. 

The company expects that from the third quarter investment in telecom infrastructure will be lower and domestic-related segments, including software solutions, systems integration and IT services will record higher revenue.