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July 30, 2015 1:34 PM ET

Energy Equipment and Services

Company Overview of Bumi Armada Berhad

Company Overview

Bumi Armada Berhad, an investment holding company, provides offshore oilfield services in Malaysia, Asia, Australia, Africa, and Latin America. Its Floating Production Storage Offloading (FPSO) segment owns, operates, and provides FPSO vessels that are used for receiving hydrocarbons sourced from oil fields. 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 handling towing support vessels, accommodation work boats/barges, platform supply vessels, mooring launches, safety stan...

Menara Perak

Level 21

24, Jalan Perak

Kuala Lumpur,  50450

Malaysia

Founded in 1995

2,000 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 to Appoint Steven Leon Newman as Independent Director, Effective July 01, 2015

Bumi Armada will appoint Steven Leon Newman as Independent Director. The effective date is July 01, 2015.

Bumi Armada Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Bumi Armada Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net profit increased to MYR 72.0 million, an 11.2% increase over the corresponding first quarter 2014 net profit of MYR 64.8 million. Net profit includes a charge relating to the staff retrenchment exercise in the quarter, of MYR 20.6 million. First quarter saw a 22.0% increase in revenue, year-on-year, to MYR 572.2 million from MYR 468.9 million, due to additional contributions from the Eni 15/06 FPSO conversion project which were not present in first quarter 2014, as well as, higher conversion activities from the Kraken FPSO project and improved utilization of tankers held as FPSO conversion candidates. EBITDA increased to MYR 284.8 million, which is an improvement on quarter-on-quarter and year-on-year basis of 117.3% (MYR 131.1 million) and 27.6% (MYR 223.1 million) respectively. EBITDA benefited from strong contributions from the FPSO Business Unit and ongoing contribution from the Armada Installer, but was adversely affected by lower contributions from the OSV business segment and reduced activity in the LukOil project. Cash flow from operations increased to MYR 148.7 million from MYR 73.5 million in first quarter 2014. Operating profit was MYR 142.350 million compared to MYR 92.995 million a year ago. Profit before taxation was MYR 105.205 million compared to INR 86.390 million a year ago. Profit attributable to owners of the company was MYR 72.048 million compared to MYR 64.778 million a year ago. Basic and diluted EPS was 1.23 sen compared to 1.37 sen a year ago. Purchase of property, plant and equipment was MYR 754.942 million compared to MYR 736.464 million a year ago.

Bumi Armada Berhad, Annual General Meeting, Jun 08, 2015

Bumi Armada Berhad, Annual General Meeting, Jun 08, 2015., at 10:00 Singapore Standard Time. Location: Conference Halls 1, 2 & 3, Level 3.

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