Bumi Armada

Bumi Armada sees 45% profit dip in FY2023

BUMI Armada Bhd reported a 45% decrease in net profit for the financial year ending Dec 31, 2023, reaching RM332.06…

3 months ago

Bumi Armada’s Armada Sterling V FPSO achieves first oil production offshore India

BUMI Armada Bhd announced the successful achievement of "First Oil" production on January 7, 2024, by the Armada Sterling V…

5 months ago

Bumi Armada in partnership to develop LNG solutions in Indonesia

BUMI Armada Bhd has signed a non-binding agreement with PT Pertamina International Shipping and PT Davenergy Mulia Perkasa to develop…

9 months ago

Bumi Armada stock plunges 20% after Kraken shutdown, downgraded to ‘Sell’ by local analysts

by M JAY SHEILA / pic source: bumiarmada.com BUMI Armada Bhd’s stock counter plunged 20% to 51 sen in the first half…

12 months ago

Kraken FPSO shutdown to have material financial impact on Bumi Armada

BUMI Armada Bhd said the recent shutdown of production from the Armada Kraken FPSO (Kraken FPSO) is anticipated to have…

12 months ago

Bumi Armada downgraded to ‘Sell’ on flattish earnings growth forecast

BUMI Armada Bhd has retained its earlier call at most equity research houses after releasing its latest quarterly result except for…

1 year ago

Bumi Armada upgrades on improving fundamentals

by AUFA MARDHIAH / pic source: bumiarmada.com BUMI Armada Bhd recorded a growth of 17% year-on-year (YoY) in earnings to RM185.8 million…

2 years ago

Bumi Armada’s ice class vessels sales to improve recurring earnings

The group’s balance sheet will also improve on the back of healthy operating cashflow  by S BIRRUNTHA / Pic Source: bumiarmada.com BUMI…

2 years ago

Brent crude oil price seen higher on demand recovery, OPEC+ commitment

by BERNAMA / pic by BLOOMBERG KUALA LUMPUR - The price of Brent crude oil is projected to rise between US$69 and…

3 years ago

Bumi Armada’s 1Q net profit rebounds to RM162.8m

by ASILA JALIL / Pic credit: bumiarmada.com BUMI Armada Bhd recorded a rebound in its net profit in its first…

3 years ago

Bumi Armada secures contracts worth RM2b in India

by BERNAMA / pic by MUHD AMIN NAHARUL BUMI Armada Bhd has secured two contracts related to Armada Sterling Floating…

4 years ago

Bumi Armada’s 4Q net loss narrows

By DARMINAA UTHAYAKUMAR / Graphic By ANIS SHAMSUL SMALLER impairments of assets saw Bumi Armada Bhd’s net loss narrowing to…

4 years ago

Bumi Armada posts better 3Q earnings

The company’s core earnings are improving on Kraken FPSO vessel that has achieved 90% performance by FARA AISYAH/ pic credit:…

5 years ago