PVS announced its Q1 2019 results, in which revenue and reported NPAT-MI rose 23.0%YoY and 45.6%YoY, to VND4.0tn (USD176mn) and VND369bn (USD16mn), respectively. This stellar profit growth was mainly due to 1) less losses from the Seismic Survey segment following its dissolution at the end of 2018; 2) strong performance of the Mechanics & Construction (M&C) segment thanks to the Sao Vang – Dai Nguyet (SV-DN) project and 3) profit from floating oil storage (FSO/FPSO) joint venture surging 163