Software giant sets profit target of US$126 million
Vietnam’s software giant FPT Corp (FPT) plans to earn a total revenue of nearly US$1.29 billion year, up 6 percent on 2012.
Meanwhile, its pre-tax profit target is set at US$126 million, a 10-percent increase.
Its telecommunications business is expected to bring the largest share of the profit of US$39 million - or 31 percent of the company's total profit.
Software production remains a core business with growth of 23 percent over last year, bringing US$29 million. Nearly 80 percent will come from software exports, estimated to amount to US$22.9 million.
FPT expects to expand its retail business with plans to open 50-60 new stores this year.
However, this expansion investment is projected to generate losses of around US$1.8 million for the company.
It also plans to pay 2013 cash dividends of 20 percent.