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FPT - Solid core results while divestments boost earnings - Earnings Flash

FPT announced preliminary FY17 NPAT-MI of VND2.9 trillion (USD129 million, +47% vs FY16), in line with our expectation. In December 2017, FPT recorded a one-off PBT of around VND970 billion (USD43 million) from its partial divestments from FPT Trading and FPT Retail (FRT), which is consistent with our previous estimation.