Bumi Armada Berhad, an investment holding company, provides offshore and marine services in Malaysia, Asia, Africa, and Latin America. Its Floating Production, Storage, and Offloading (FPSO) segment operates four FPSO units that are used for receiving hydrocarbons sourced from remote oil fields. The company’s Offshore Support Vessels segment owns, operates, and charters vessels to provide support for exploration, development, and production activities in the offshore oil and gas industry. It has approximately 50 vessels consisting of anchor handling towing support vessels, accommodation/light construction support vessels, platform support vessels, mooring launches, and utility vessels. Its T...
24 Jalan Perak
Kuala Lumpur, 50450
Founded in 1995
Bumi Armada Berhad Presents at Credit Suisse 18th Annual Asian Investment Conference 2015, Mar-23-2015
Mar 4 15
Bumi Armada Berhad Presents at Credit Suisse 18th Annual Asian Investment Conference 2015, Mar-23-2015 . Venue: Conrad Hotel, Pacific Place, 88 Queensway, Hong Kong, Hong Kong.
Bumi Armada Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 26 15
Bumi Armada Berhad reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of MYR 701,832,000, operating loss of MYR 29,000, loss before taxation of MYR 32,551,000, loss attributable to owners of the company of MYR 52,560,000 or 0.87 sen per diluted and basic share against revenue of MYR 556,714,000, operating profit of MYR 123,813,000, profit before taxation of MYR 87,401,000, profit attributable to owners of the company of MYR 88,318,000 or 3.01 sen per diluted and basic share a year ago. EBITDA was MYR 131.095 million compared to MYR 267.53 million for the third quarter of 2014.
For the year, the company reported revenue of MYR 2,397,339,000, operating profit of MYR 372,434,000, profit before taxation of MYR 309,182,000, profit attributable to owners of the company of MYR 218,690,000 or 4.32 sen per diluted and basic share against revenue of MYR 2,073,004,000, operating profit of MYR 543,955,000, profit before taxation of MYR 479,973,000, profit attributable to owners of the company of MYR 431,191,000 or 14.71 sen per diluted and basic share a year ago. Net cash from operating activities was MYR 680,036,000 against MYR 474,426,000 a year ago. Purchase of property, plant and equipment was MYR 2,128,524,000 against MYR 1,277,546,000 a year ago. EBITDA was MYR 884.4 million, down by 11%, as compared to MYR 994.2 million in fiscal year 2013. The decline in EBITDA was mainly due to higher cost of sales of RM1.7 billion in Fiscal Year 2014, which increased by 30%, over the MYR 1.3 billion registered in fiscal year of 2013. Net profit for the year fell due to weaker contributions from the OSV and T&I businesses as well as impairments for available-for-sale financial assets and allowances for trade receivables, which amounted to approximately MYR 97 million.