PVS announced Q1 2022 results with revenue and recurring NPAT-MI increasing 44.2% YoY and 16.1% YoY, respectively, as they were driven by 1) a bigger workload for the M&C segment and 2) resilient profit from the FSO/FPSO segment. Reported NPAT-MI surged 49.5% YoY thanks to one-off profit of ~VND50bn (USD2mn) from asset liquidation. 

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