Bumi Armada Reports Second Quarter 2017 Financial Results

Kuala Lumpur, 25 August 2017 – Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad (“Bumi Armada” or “the Group”) today announced its second quarter (“Q2”) 2017 financial results. 

Revenue for the Group increased by 72.4% year-on-year, to RM694.4 million. The FPO business segment revenues in Q2 2017 increased by 116.9% year-on-year to RM337.6 million, due to higher revenue from the Armada Olombendo FPSO and the Armada LNG Mediterrana FSU respectively, as well as the absence of supplementary payments to the charterer of the Armada Kraken FPSO, which impacted Q1 2017 revenue.