Software developer expects high profits

FPT's shareholders at the annual general meeting held on March 29 in Ha Noi. (Photo: Vietnamplus)
The software developer FPT Corp. hopes to make pre-tax profits of VND1.45 trillion ($83 million) this year, up 17 percent on the previous year, it announced at its annual general meeting of shareholders March 29 in Ha Noi.

The meeting decided that dividends will be paid at 26 percent of last year’s profits. The company will reinvest the rest to ensure operations in the following years.

The company’s revenues last year hit a record VND16.8 trillion ($1 billion). This year the company aims to make VND17 trillion despite the difficult economic situation.

Its two subsidiary companies, FPT Information System and FPT Trading Company, will go public this year.

By M.Tu – Translated by Thuy Doan

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