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Bumi Armada Q3 net loss of RM502.8m due to non-cash impairments


Bumi Armada Bhd posted net losses of RM502.82mil in the third quarter ende Sept 30, 2018 due to non-cash impairments totaling RM563.5mil.

Bumi Armada Bhd posted net losses of RM502.82mil in the third quarter ende Sept 30, 2018 due to non-cash impairments totaling RM563.5mil.

KUALA LUMPUR:  International offshore energy facilities and services provider Bumi Armada Bhd posted net losses of RM502.82mil in the third quarter ended Sept 30, 2018 due to non-cash impairments totaling RM563.5mil.

In a statement to Bursa Malaysia on Friday, it said it would have made a net profit of RM75.2mil if not for the non-cash impairments of RM41.4mil for the floating production and production (FPO) and RM522.1mil for the offshore marine services (OMS) businesses.

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