Stronger earnings for Bumi Armada in 1Q21


Bumi Armada's Olombendo vessel

KUALA LUMPUR: Bumi Armada Bhd posted net profit of RM162.79mil in the first quarter ended March 31,2021 which was a turnaround from the net loss of RM223.96mil a year ago.

The international offshore energy facilities and services provider said on Tuesday its revenue rose by 1.8% to RM562.70mil from RM552.62mil a year ago. Earnings per share were 2.77 sen compared with loss per share of 3.81 sen.

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