Bumi Armada incurs RM96.71mil net loss in Q3

PETALING JAYA: Bumi Armada Bhd posted a net loss of RM96.71mil for the third quarter ended Sept 30, 2016 from a net profit of almost RM70mil in the same quarter a year ago, as contributions from floating production, storage and offloading (FPSO) and floating gas solutions (FGS) narrowed.

Revenue for the period fell 32.5% to RM377.51mil from RM559.46mil a year earlier, while loss per share was 1.65 sen compared with earnings per share of 1.19 sen.