Bumi Armada

Equities

ARMADA

MYL5210OO009

Oil Related Services and Equipment

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
0.59 ^MYR	-1.67%		+0.85%	+19.19%

Feb. 29	Bumi Armada Swings to Loss in Q4; Shares Slump 8%	MT
Feb. 28	Bumi Armada Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	CI

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

May 24, 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.

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Bumi Armada Bhd published this content on 25 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2023 16:26:01 UTC.

Latest news about Bumi Armada

Bumi Armada Swings to Loss in Q4; Shares Slump 8%	Feb. 29	MT
Bumi Armada Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 28	CI
Bumi Armada Winds Up Dormant Subsidiary	Feb. 15	MT
Bumi Armada Books Higher Profit in Q3	Nov. 17	MT
Bumi Armada Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 16	CI
Bumi Armada, Pexco Tarakan Ink Production-Sharing Deal in Indonesia	23-10-13	MT
Bumi Armada Bags MYR105.5 Million Syndicated Term Loan	23-10-12	MT
Bumi Armada Berhad Announces Approval in Principle from American Bureau of Shipping for Innovative FLNG Solution	23-10-11	CI
Bumi Armada, Pexco Tarakan Sign Production Sharing Deal in Indonesia	23-09-26	MT
Bumi Armada, Indonesian Firms to Develop, Commercialize LNG	23-09-15	MT
Bumi Armada Associate Closes $948 Million Long-term Project Financing	23-09-13	MT
Malaysia's Bumi Armada inks deal for LNG development in Indonesia	23-09-13	RE
Bumi Armada Signs Non-Binding Agreement with Pt Pertamina International Shipping and Pt Davenergy Mulia Perkasa for the Development and Commercialization of Liquefied Natural Gas	23-09-13	CI
Bumi Armada Books Lower Profit, Revenue in Q2	23-08-28	MT
Bumi Armada Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-25	CI
Bumi Armada Berhad Appoints Uthaya Kumar a/l K Vivekananda as Senior Independent Director, Effective 25 August 2023	23-08-24	CI
Bumi Armada's FPSO Vessel Operations at 90% of Pre-Shutdown Level	23-07-21	MT
Bumi Armada, Navigator Form CO2 Shipping and Injection Solutions JV	23-06-22	MT
Bumi Armada Berhad Signs Non-Binding Memorandum of Understanding with Navigator Holdings Ltd. for Bluestreak Co2 Joint Venture	23-06-21	CI
Navigator Holdings Ltd. Signs Non-Binding Memorandum of Understanding with Bumi Armada Berhad for Bluestreak CO2 Joint Venture	23-06-20	CI
Bumi Armada Secures FPSO Vessel Deal Extension from India's State Oil Firm	23-06-19	MT
Bumi Armada Berhad Announces Unplanned Kraken Shut-In	23-06-02	CI
Bumi Armada Books Higher Profit, Revenue in Q1	23-05-26	MT
Bumi Armada Berhad Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-25	CI
Bumi Armada Berhad Announces Redesignation from Independent and Non Executive Member of Remuneration Committee to Independent and Non Executive Chairman of Remuneration Committee	23-05-24	CI

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Company Profile

Bumi Armada Berhad is a Malaysia-based investment holding company that is engaged in the provision of management services. The Company is involved in providing offshore energy facilities and services provider. The Companyâs segments include operations and others. The operations segment is engaged in the provision of floating production storage offloading (FPSO), floating gas solutions unit, offshore support vessel (OSV), subsea construction assets and marine related services. The other segment consists of technology, engineering, and projects and corporate and others. The technology, engineering, and projects include provision of engineering consultancy and project support services. The corporate and others segment provides management services and corporate support services. It offers a range of capabilities including field development support, production facilities, installation & operations, pipe-laying, hook-up, and commissioning.

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Oil Related Services and Equipment

Calendar

2024-05-21 - Q1 2024 Earnings Release (Projected)

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Ratings for Bumi Armada

Trading Rating

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ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.575 MYR

Average target price

0.6575 MYR

Spread / Average Target

+14.35%

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