BUMI ARMADA REPORTS NET PROFIT OF RM201.0 MILLION FOR 1st QUARTER 2023

Kuala Lumpur, 25 May 2023 – Bumi Armada Berhad (“Bumi Armada” or “the Group”) today announced its first quarter (“Q1”) 2023 financial results.
Revenue was lower at RM544.0 million in Q1 2023 as compared to Q4 2022 mainly due to lower vessel availability for Armada Kraken FPSO and lower revenue from variation orders for Armada Olombendo FPSO.