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Business 15 Sep 2018 | 12:00 AM

Bumi Armada aims to improve balance sheet

WHILE a number of analysts agree that the worst may already have been priced into Bumi Armada Bhd, there are some concerns the company may need to resort to raising funds given its high gearing position and the need to brighten its outlook in order to secure jobs moving forward.

Business 13 Dec 2014 | 12:00 AM

Bright spot for Bumi Armada

THE inking of Bumi Armada Bhd’s ten-year RM4bil Madura floating production storage and offloading (FPSO) contract is timely.

Business 03 Dec 2016 | 12:00 AM

Bumi Armada investors ponder over group losses

INVESTORS are at a decision-making crossroads with respect to Bumi Armada Bhd’s performance and are wondering if losses could mount further or if this could indeed by the end of the worst for the group.

Business 22 Feb 2017 | 12:00 AM

Potential earnings upgrade seen for Bumi Armada

PETALING JAYA: Analysts are expecting potential earnings upgrade for Bumi Armada Bhd, as a result of its floating, production, storage and offloading (FPSO) Armada Olembendo’s first oil success on Feb 8 and subsequently, FPSO Armada Kraken, which is on station and securely moored at the North Sea.

Corporate News 27 Nov 2018 | 12:00 AM

Bumi Armada Q4 profit seen to be lacklustre

PETALING JAYA: Bumi Armada Bhd’s fourth quarter earnings is expected to be lacklustre, due to weakness in the offshore marine services (OMS) segment as well as the renewal of its vessels Armada Constructor and Installer, said UOB Kay Hian.

Business 09 Mar 2016 | 12:00 AM

Bumi Armada challenges termination of vessel charter

PETALING JAYA: Bumi Armada Bhd, which is challenging the termination of an RM1.46bil charter agreement involving its vessel Armada Claire, said the contract would only expire in August 2018.

Corporate News 04 Dec 2018 | 12:00 AM

Shares in Bumi Armada rebound from record low

PETALING JAYA: Shares in Bumi Armada Bhd rebounded from a record low after the company said it would be selective in pursuing new projects.

Business 24 Nov 2016 | 12:00 AM

Bumi Armada incurs RM96.71mil net loss in Q3

PETALING JAYA: Bumi Armada Bhd posted a net loss of RM96.71mil for the third quarter ended Sept 30, 2016 from a net profit of almost RM70mil in the same quarter a year ago, as contributions from floating production, storage and offloading (FPSO) and floating gas solutions (FGS) narrowed.

Business 19 Apr 2013 | 12:00 AM

Change of chairman at Bumi Armada

PETALING JAYA: Bumi Armada Bhd independent non-executive director Tunku Ali Redhauddin Tuanku Muhriz is set to succeed Datuk Seri Mahamad Fathil Mahmood as the company’s chairman.

Business 08 Jul 2015 | 12:00 AM

Bumi Armada unit bags syndicated term-loan facility

PETALING JAYA: Bumi Armada Bhd’s unit Armada Kraken Pte Ltd has bagged a syndicated term-loan facility and a standby letter of credit facility worth US$755mil (RM2.88bil).