Bursa Alert
Global Market
NewsBumi Armada's earnings up 22% to RM109.67mil, order book RM12.2b
Page 1 of 1
Bumi Armada's earnings up 22% to RM109.67mil, order book RM12.2b
by hlk Wed 22 May 2013, 01:31
KUALA LUMPUR: Bumi Armada Bhd's earnings rose 22% to RM109.67mil in the first quarter ended March 31, 2013 from RM89.7mil a year ago.
It
said on Tuesday the earnings were underpinned by increased activities
in its offshore support vessel, transport and installation services and
floating production.
Its order book was RM12.2bil of which RM7.9bil were firm contracts and the rest were optional extensions.
Its
revenue rose 44% to RM488.75mil from RM335.11mil a year ago. Earnings
per share were 3.74 sen compared to 3.06 sen last year.
Bumi
Armada said the offshore oil and gas services remain positive with the
long term oil price expected to remain above US$70 per barrel.
However, it was cautious on the Euro slowdown and would focus on its operations in Asia, Africa and Latin America.
It
said on Tuesday the earnings were underpinned by increased activities
in its offshore support vessel, transport and installation services and
floating production.
Its order book was RM12.2bil of which RM7.9bil were firm contracts and the rest were optional extensions.
Its
revenue rose 44% to RM488.75mil from RM335.11mil a year ago. Earnings
per share were 3.74 sen compared to 3.06 sen last year.
Bumi
Armada said the offshore oil and gas services remain positive with the
long term oil price expected to remain above US$70 per barrel.
However, it was cautious on the Euro slowdown and would focus on its operations in Asia, Africa and Latin America.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Bumi Armada order book at RM5.8b
» Dayang’s earnings visibility supported by RM4b order book
» Deleum’s RM3.8b order book gives long-term earnings visibility
» Deleum’s current order book to sustain earnings until 2020
» HSL’s order book up 8%
» Dayang’s earnings visibility supported by RM4b order book
» Deleum’s RM3.8b order book gives long-term earnings visibility
» Deleum’s current order book to sustain earnings until 2020
» HSL’s order book up 8%
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum