November 21, 2011
Bumi Armada Announces 34.8% Increase in YTD Revenue Of RM 302.8 Million Due To Higher Activity Across All Business Segments
21 November 2011 – Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad announced today an increase in YTD revenue of 34.8 % to RM 1.17 billion from RM 870.2 million a year ago, driven by higher activity across all its business segments. Its operating EBITDA also increased by 19.6% or RM 102.7 million. The company achieved a profit of RM 238.4 million, despite expenses of RM 20.3 million in relation to its IPO in July 2011.
