PVT - Resilient Q1 results — within our expectation - Earnings Flash
  • 2021-04-28T11:36:00
  • Company Research
PVT released Q1 2021 results with revenue and recurring NPAT-MI increasing by 8.8% YoY and 22.7% YoY, respectively, from a Q1 2020 low base when 1) COVID-19 caused operating costs to increase and 2) PVT booked maintenance expenses in advance for the drydocking of tankers when Binh Son Refinery (BSR) conducted maintenance in Q3 2020.