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PVT - Investing for the future - AGM Note

FY14 revenue grew by a modest 6% but one-time financial income of VND75bn from FSO Kamari disposal boosted NPAT by +43% vs. FY13. FY15 holds both opportunities and challenges for PVT as the company has plans to expand its fleet and will commission the new FSO Dai Dung Queen while, on the other hand, continued weakness in oil prices might pressure volumes and freight rates.