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PETALING JAYA: Bumi Armada Bhd is expected to double its earnings in the next two years with the commencement some of its floating production, storage and offloading vessels (FPSOs) that are currently under conversion, according to Kenanga Research.
PETALING JAYA: Shares in Bumi Armada Bhd lost a-fifth of its value after analysts slashed their earnings forecast on news that a client had terminated a contract involving one of its floating production, storage and offloading (FPSO) vessels.
KUALA LUMPUR: Bumi Armada Bhd, via its subsidiary Armada TGT Ltd, has signed loan agreements worth US$341.1mil (RM1.08bil) with seven banks to fund the conversion, installation and deployment of its floating production, storage and offloading (FPSO) vessel Armada TGT 1 in Vietnam.
KUALA LUMPUR: Malaysian billionaire T. Ananda Krishnan’s Bumi Armada Bhd is nearing an agreement for a loan of around RM2.034bil, sources said, in a deal that will give the embattled energy firm more time to restructure.
KUALA LUMPUR: CIMB Equities Research expects Bumi Armada Bhd’s debt issues to be resolved in Q1 2019