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PVT - Crude transportation, FSO segments solid as expected - Earnings Flash

9M 2018 revenue increased 26.2% YoY while reported and recurring NPAT-MI surged 61.1% YoY and 63.4% YoY, respectively. Robust reported NPAT was thanks to; 1) higher profit from the crude transportation segment given higher volume, 2) a strong floating oil storage (FSO) segment thanks to an FSO Dai Hung day rate hike and 3) non-operating profit of VND78bn (USD3.3mn) from liquidating the crude tanker Hercules.