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PVS [BUY 35%] - Profit rose in nearly all segments - Update

Company Research

31 Jul 2015

1H15 consolidated NPAT-MI rose 10%. The results were encouraging with nearly all business units seeing profit increase, prompting an upward revision to our earnings forecast; the 1H15 earnings reached 62% of our old forecast. We revise our FY2015 NPAT-MI forecast up by 5.9% to VND 1,499b due to positive performance in M&C, Supply base, and FPSO/FSO segments which we believe will offset weak performance in other segments.
Tags: PVS

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