February 20, 2017 8:26 AM ET

Energy Equipment and Services

Company Overview of Bumi Armada Berhad

Company Overview

Bumi Armada Berhad, an investment holding company, provides offshore energy facilities and services in Malaysia, Asia, Australia, Africa, and Latin America. Its Floating Production Storage Offloading (FPSO) and Floating Gas Solutions (FGS) segment owns, operates, and provides FPSO vessels that are used for receiving hydrocarbons sourced from oil fields; and provides solutions for the offshore liquefied natural gas industry. The company’s Offshore Support Vessel segment owns, operates, and charters vessels to provide support for exploration, development, and production activities in the offshore oil and gas industry. This segment owns and operates approximately 45 vessels comprising anchor ha...

Menara Perak

Level 21

24, Jalan Perak

Kuala Lumpur,  50450

Malaysia

Founded in 1995

1,600 Employees

Phone:

60 3 2171 5799

Fax:

60 3 2163 5799

Key Executives for Bumi Armada Berhad

Bumi Armada Berhad does not have any Key Executives recorded.

Bumi Armada Berhad Key Developments

Bumi Armada Berhad to Report Q3, 2016 Results on Nov 23, 2016

Bumi Armada Berhad announced that they will report Q3, 2016 results on Nov 23, 2016

Bumi Armada Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Bumi Armada Berhad reported earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue of MYR 377.5 million against MYR 559.5 million a year ago. EBITDA was MYR 91.0 million against MYR 298.6 million a year ago. Net loss was MYR 96.7 million or 1.65 sen per share against profit of MYR 70.0 million or 1.19 sen per share a year ago. The company posted a pre-tax loss of MYR 83.02 million in the third quarter ended September 30, 2016 against a pre-tax profit of MYR 101.74 million in the same quarter a year ago. For the nine months, the company reported revenue of MYR 1,211.1 million against MYR 1,590.7 million a year ago. EBITDA was MYR 541.2 million against MYR 855.1 million a year ago. Net loss was MYR 591.6 million or 10.08 sen per share against MYR 149.5 million or 2.55 sen per share a year ago.

Bumi Armada Announces Management Changes

Bumi Armada announced that Mr. Kenneth Murdoch, has decided to step down from his role as the chief financial officer (CFO) to pursue his personal goals outside the company. Mr. Leon Harland (CEO and executive director) and the board of directors have accepted Mr. Murdoch's decision and accordingly, Mr. Murdoch's official last day with the company is on the 17th of November 2016. In view of this upcoming departure, Mr. Harland and the Board are pleased to announce that Mr. Pierre Savy has been nominated as the acting CFO and will start in his new role with immediate effect. Mr. Murdoch will continue to support Mr. Savy in this transition period until his official last day. Mr. Savy has been an integral part of the finance and project organization since May 2015 and brings a wealth of industry experience particularly in financial reporting, finance and internal controls. Prior to joining the company, Mr. Savy was the finance director of SBM Offshore in Kuala Lumpur.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 4, 2016
--
Merger/Acquisition
April 29, 2016
--
Merger/Acquisition
April 19, 2016
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