Bumi Armada Q2 net loss widens to RM518mil


PETALING JAYA: Bumi Armada Bhd’s net loss for its second quarter ended June 30, 2016 widened to RM518.32mil from a net loss of RM291.53mil a year ago, mainly due to lower floating production, storage and offloading (FPSO) and floating gas solutions (FGS) contributions.

Revenue in the second quarter dropped to RM402.87mil from RM459.08mil.

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Business , Bumi Armada , earnings , net profit

   

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