PVD - H1 2024 recurring NPAT-MI surges 51% YoY, slightly trails expectation due to losses from associate companies - Earnings Flash & AM note
  • 31 Jul 2024
  • Company Research
PVD released its Q2 2024 results with revenue of USD91mn (VND2.3tn; +50% YoY) and reported NPAT-MI of USD5.5mn (VND130bn; -22% YoY). Revenue growth is mainly due to a 68% YoY increase in drilling revenue, driven by (1) the new contribution from the leased