PVS - Weak earnings due to limited jobs, as expected - Earnings Flash
  • 27 Jul 2018
  • Company Research
PVS’s H1 2018 revenue was flat while NPAT-MI dropped 42.9% YoY. The drop in net profit was due to 1) a loss from the Seismic survey segment due to low workload and 2) lower day rates of floating oil storages (FPSO/FSO), i.e., FPSO Lam Son and FSO Bien Don