The contracts were associated with the floating production, storage and offloading (FPSO) vessel Armada Perdana, and the suspension was first announced last June after delays to the bare-boat charter payments as well as irregular payments on the operations and maintenance contract.
Strong contributions from FPO business push revenue 49% higher to RM600mil
PETALING JAYA: Bumi Armada Bhd
reported its first quarter net profit coming in flat at RM48.42mil compared to the same quarter a year ago.
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