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.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Business , Bumi Armada , earnings , net profit

   

Next In Business News

Step back and watch
Bull waits for liquidity to return
Magnum can strike it big again
All sails set for MISC-Bumi Armada merger
Dicey days for chip makers
After a homeowner passes
A stinky nuisance: When septic tanks burst
Decarbonising cement: Are we ready?
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Shedding light on power sector prospects

Others Also Read