Bumi Armada sees earnings slip to RM182.77mil in 1Q


Armada Olombendo

KUALA LUMPUR: Bumi Armada Bhd reported lower top- and bottomlines in the first quarter of 2025 (1Q25) as there were reduced contributions from two of its floating production storage and offloading (FPSO) vessels.

In the quarter under review, Bumi Armada said net profit was RM182.77mil, down from RM240.54mil, while revenue shrank to RM473.97mil from RM635.54mil in the year-ago quarter.

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