PVT released its 9M 2019 results with revenue of VND5.8tn (USD250mn, +3.8%YoY) and reported NPAT-MI of VND491bn (USD21.1mn, +17.0%YoY). For Q3 2019, revenue was flat while reported NPAT-MI surged 37.8%YoY. The strong Q3 and 9M performance was due to 1) a contribution of new tankers, especially those of the crude transportation segment and 2) a stronger contribution from Nghi Son refinery (NSR) in both the crude oil and oil product transportation segments.