Bumi Armada 3Q net profit lower at RM85.62mil

Bumi Armada said its future firm orderbook at the end of 3Q was about RM17.20bil, with additional optional extensions of up to RM10bil.

KUALA LUMPUR: Bumi Armada Bhd's net profit fell by 44% to RM85.62mil in the third quarter ended Sept 30 due to lower operating profit and impairments compared with net profit of RM153.37mil a year ago.

The offshore energy facilities and services provider said on Thursday operating profit before impairment fell by 11% to RM222.05mil compared with RM248.64mil a year ago.