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 now and receive FREE sooka plan for 1 month.
T&C applies.

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.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Bumi Armada , earnings , net profit

   

Next In Business News

Trump's re-election likely to impact Malaysia's energy sector, exports
Cagamas raised RM2.2bil in October despite challenging market environment
FBM KLCI edges up at midday amid cautious broader market
IPI rises 2.3% YoY in September, misses forecast
Australian lender ANZ's annual profit shrinks as late repayments rise
Hong Kong central bank cuts interest rate after Fed move
Eco World's Semenyih land purchase a positive
Gobind committed to helping Malaysia's smart city players expand reach to global stage
Singapore's UOB sees better loan growth in 2025 as Q3 profit hits record
Ekovest shares muted as Lim explores potential sale of toll-road business

Others Also Read