May 27, 2012
Bumi Armada’s 2011 Full Year Revenue Up 24% To RM 1.54 Billion
27 Feb 2012 – Bumi Armada Berhad, Malaysia-based international offshore oilfield services provider posted a full year increase in revenue of 24% (RM302.5 million) toRM1.54 billion, driven by higher activity across all business segments. Profit for the year increased by RM14.6 million up to RM 365.3 million after one time listing and call option expenses of RM 27.7 million (adjusted year on year growth was 12%). Its operating EBITDA increased 26% (RM185.5 million) to RM 899.6 million in the same period.