Bumi Armada Announces Q1 2015 Net Profit of RM72.0 Million, A Year-On-Year Increase of 11.2%

26 May 2015 – Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad, today announced its financial results for the 1st quarter 2015 (Q1 2015) which saw net profit for the period increase to RM72.0 million, an 11.2% increase over the corresponding 1st quarter 2014 (Q1 2014) net profit of RM64.8 million, and an improvement against a loss of RM52.6 million in the preceding quarter, Q4 2014. The Q4 2014 profit was affected by charges related to allowance and impairment for certain trade receivables and available-for-sale financial assets. Net profit for Q1 2015 includes a charge relating to the staff retrenchment exercise in the quarter, of RM20.6 million.