A Bumi Armada vessel. The group generated net cash flows from operating activities for the first quarter of 2016 of RM544.4mil, against RM148.7mil in the same period in 2015, mainly due to the collection of receivables and FPSO milestone payments.
The oil and gas (O&G) services-related company said the non-cash impairment charge was RM17.9mil.
Excluding this charge, the group would have reported a net profit of RM41.3mil in the quarter.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
