PVS released Q1 2020 results with revenue and NPAT-MI declining 20.8% YoY and 69.8% YoY, respectively, due to 1) slow construction progress of the mechanics & construction (M&C) segment on the Sao Vang – Dai Nguyet (SV-DN) projects due to the COVID-19 pandemic and 2) profit from floating oil storage (FPSO/FSOs) joint ventures dropping 82.2% YoY.