Earnings Alerts

FPT Corp (FPT) Earnings: 1Q Net Income Hits 1.8T Dong with a Remarkable 20% Increase in Pre-tax Profits Year-On-Year

  • FPT Corp reported a net income of 1.8 trillion dong for 1Q 2024.
  • The profit generated after tax was also 1.80 trillion dong.
  • The reported revenue stood at 14.1 trillion dong.
  • Pretax profit saw an increase of 20% year on year, amounting to 2.53 trillion dong.
  • IT services played a significant role, contributing 60% to the overall revenue and 45% to pre-tax profit as mentioned in the company statement.
  • Revenue from digital transformation rose by 36% year on year to 2.96 billion dong according to the company’s statement.
  • Analysts’ ratings for the company are positive with 13 buys, 1 hold, and no sells.
  • The comparison of these results is based on the values previously reported by the company in its original disclosures.

A look at FPT Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience5
Momentum5
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Investment analysts predict a promising future for FPT Corp, an information and communication technology company, based on the Smartkarma Smart Scores. With a high Growth score of 5, FPT Corp is positioned for long-term expansion and development. Additionally, the company shows strong Resilience and Momentum with scores of 5 in both categories, indicating its ability to withstand market challenges and maintain a positive business trajectory.

Despite moderate scores in Value and Dividend at 2 each, FPT Corp‘s exceptional Growth, Resilience, and Momentum scores paint a bright picture for its overall outlook. Investors may find FPT Corp an attractive opportunity for potential growth and stability in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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