Bumi Armada's Q1 net profit up 22% to RM109.7 million

Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad posted Q1 revenue of RM488.8 million, with EBITDA of RM253.8 million and net profit for the period of RM109.7 million as a result of increased activity in its FPSO, OSV* and T&I* segments. Compared to the same period a year ago, its revenue grew 46%, EBITDA grew by 12% and net profit was up 22%, said in the company's press release.

21 May 2013 - Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad posted Q1 revenue of RM488.8 million, with EBITDA of RM253.8 million and net profit for the period of RM109.7 million as a result of increased activity in its FPSO, OSV* and T&I* segments. Compared to the same period a year ago, its revenue grew 46%, EBITDA grew by 12% and net profit was up 22%.