Feb 27
Bumi Armada Posts RM439 Million Net Profit in FY2025
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Bumi Armada Posts RM439 Million Net Profit in FY2025
Bumi Armada Secures RM578M in FPSO Contracts, Signals Strong Upstream Stability
Bumi Armada Berhad (BAB), a key player in the floating production storage and offloading (FPSO) market, has secured two significant contracts via its joint ventures with India’s Oil and Natural Gas Corporation Limited (ONGC), effective March 8, 2025. The first, through Shapoorji Pallonji Armada Oil & Gas Services Pte Ltd (SPAOGSPL), involves operation and maintenance (O&M) of the Armada Sterling…
Bumi Armada Berhad: Results in line despite forex headwinds
Bumi Armada’s 9MFY24 core net profit of RM766.8m met expectations despite forex headwinds. 3QFY24 saw a 0.6% qoq dip due to weaker USD/MYR and increased expenses. YoY, profits surged 41.2%, supported by higher revenue and lower finance costs. Debt refinancing and stronger USD outlook improve prospects. Maintain BUY at RM0.76. Bumi Armada key highlights 9MFY24 Core Net Profit: RM766.8m, meeting…
Bumi Armada Posts RM266 Million Profit Amid Strong Cash Flow
Bumi Armada Berhad reported a net profit of RM266.0 million for the second quarter (Q2) of 2024. The company’s revenue for the quarter was RM578.9 million, down from RM635.5 million in Q1 2024, primarily due to the absence of a one-off revenue benefit from the previous quarter. Read more Business News Dell Technologies Appoints New Country Manager for Malaysia Butmi Armada cash flow Despite…
Bursa O&G counters decline as oil trades below US$60 amid coronavirus outbreak
For the historical record.
Dateline 2020-02-03, The Edge:
Bursa Malaysia-listed oil and gas (O&G) counters Sapura Energy Bhd and Bumi Armada Bhd declined about 4% each in mid-morning trades today as crude oil prices traded below US$60 a barrel as the coronavirus outbreak, which started in China, led to lower global oil demand concerns.
Reuters reported that oil prices extended declines on Monday,…
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Oil & gas contract awards set to recover this year
Oil & gas contract awards set to recover this year
Dateline 2020-01-05, The Sun:
Contract awards for the oil & gas sector are expected to recover after a decline in Q4 2019, said AmInvestment Research (AmResearch).
Malaysia’s 2019 contract awards slid 6% year-on-year (yoy) to RM11.5 billiion due to slower order flows in Q4, which fell 35% quarter-on-quarter (qoq) and halved yoy to RM2.2 billion.
This followed multiple awards to Sapura Energy,…
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Oil and gas companies not looking fine with Q1 results
Oil and gas companies not looking fine with Q1 results
Apologies for focussing on market news, its a slow news cycle.
Dateline 2018-05-31, NST:
The oil and gas companies under Kenanga Research’s coverage are likely to see deteriorating performance with lower number of outperformers.
Kenanga Research said only two out of seven companies that released their latest interim results had outperformed. They were Dialog Group Bhd and Sapura Energy Bhd.
Anot…
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Agm 2017/21. Bumi Armada @ sime Darby Convention Centre 31st May 2017