BUMI ARMADA REPORTS 3rd QUARTER 2022 NET PROFIT AFTER TAX OF RM149.7 MILLION

Kuala Lumpur, 24 November 2022 – Bumi Armada Berhad (“Bumi Armada” or “the Group”) today announced its third quarter (“Q3”) 2022 financial results.

The Group reported net profit1 of RM149.7 million in Q3 2022, a decrease from Q2 2022 due to a downward revision in the estimated residual value of our vessels.