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Bumi Armada up 3% on 2Q profit

Mimi Sabreena 10:53:00 AM Informasi

KUALA LUMPUR (Aug 28): Bumi Armada Bhd rose as much as 3% after the oil and gas support-service provider reported a second quarter net profit at RM116.59 million from losses a year earlier. Analysts upgraded Bumi Armada on its latest financials.

Shares of Bumi Armada rose to their highest so far today at 77.5 sen. At 10:02am, the stock pared gains at 76 sen with some 10 million shares traded.

Bumi Armada was Bursa Malaysia's seventh most-active stock.

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