PVT released Q1 2022 results with revenue and recurring NPAT-MI rising 17.8% YoY and 16.5% YoY, respectively, as they were driven by 1) contributions from new tankers acquired in H2 2021 and 2) a recovery of transportation demand. Reported NPAT-MI increased only 11.8% YoY as there was no one-off profit from tanker liquidation in Q1 2022.

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