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Bumi Armada reports RM124m 3Q net profit on better FPSO businesses

Mimi Sabreena 4:19:00 PM Informasi

KUALA LUMPUR (Nov 23): Offshore oilfield services provider Bumi Armada Bhd posted a net profit of RM123.73 million for third quarter ended Sept 30, 2017 (3QFY17) compared with a net loss of RM96.71 million a year ago, thanks to higher contribution from its floating production storage and offloading (FPSO) system and floating storage unit businesses.

The group reported earnings per share of 2.11 sen against loss per share of 1.65 sen previously.

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