On April 16, FPT stock surprisingly dropped to its floor price, while FPT Telecom (FOX) surged by 4%. FPT is nearing its one-year low, whereas FOX is about 14% below its historical peak. At the recent shareholder meeting, FPT approved a business plan targeting a revenue of 75.4 trillion VND and a pre-tax profit of 13.395 trillion VND for 2025. However, due to global uncertainties, FPT has requested authorization to adjust the business plan if necessary. FPT Telecom also announced a cash dividend of 3,000 VND/share for 2024 and plans to issue new shares to increase its charter capital, which is expected to rise to nearly 7.388 trillion VND. FPT Telecom aims for a revenue of 19.9 trillion VND and a profit of 4.2 trillion VND for 2025. FPT Chairman Trương Gia Bình stated that 2025 will be challenging yet opened up numerous new opportunities, especially in technology.
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