PVS - M&C revenue and margin beat our expectations - Earnings Flash

• 19 Jan 2023
• Company Research

- PVS released robust Q4 2022 results with reported NPAT of VND357bn (USD15mn; +3x YoY) and recurring NPAT-MI of VND357bn (USD15mn; +50.2% YoY), which were driven by revenue recognition from M&C contracts and gross margin improving by 8.3 ppts YoY to 3.0%