April 21, 2014 11:14 AM ET

Energy Equipment and Services

Company Overview of Bumi Armada Berhad

Company Overview

Bumi Armada Berhad, an investment holding company, provides offshore and marine services to offshore oil and gas companies in Malaysia, Asia, Africa, and Latin America. The company’s Offshore Support Vessels segment owns, operates, and charters vessels to provide support for exploration, development, and production activities in the offshore oil and gas industry. It has approximately 40 vessels consisting of anchor handling towing support vessels, light construction/accomodation vessels, mooring launches, multi-purpose platform support vessels, platform supply vessels, utility vessels, an oil recovery vessel, and a survey support vessel. Its Floating Production, Storage, and Offloading (FPSO...

Menara Perak

Level 21

24 Jalan Perak

Kuala Lumpur,  50450

Malaysia

Founded in 1995

Phone:

60 3 2171 5799

Fax:

60 3 2163 5799

Key Executives for Bumi Armada Berhad

Bumi Armada Berhad does not have any Key Executives recorded.

Bumi Armada Berhad Key Developments

Bumi Armada Berhad Presents at Credit Suisse 17th Asian Investment Conference, Mar-24-2014

Bumi Armada Berhad Presents at Credit Suisse 17th Asian Investment Conference, Mar-24-2014 . Venue: Conrad Hong Kong, 88 Queensway, Admiralty, Hong Kong.

Bumi Armada Berhad Proposes Dividend for the Financial Year Ended December 31, 2013; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Bumi Armada Berhad proposed to recommend for shareholders' approval at the forthcoming Annual General Meeting of the company, a tax exempt final cash dividend of 3.25 sen per share (2012: final cash dividend comprised a single tier tax exempt dividend of 3.0 sen per share and a dividend of 0.14 sen per share less 25% income tax) in respect of the financial year ended December 31, 2013 which is not taxable in the hands of the shareholders pursuant to Section 54A(3)(d and e) of the Income Tax Act, 1967 the entitlement and payment dates for which will be announced at a later date to be determined. If the above recommendation is approved, the total dividend for the financial year ended December 31, 2013 will be 3.25 sen per share. The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenue of MYR 556,714,000, operating profit of MYR 123,813,000, profit before taxation of MYR 87,401,000, profit attributable to owners of the company of MYR 88,318,000 or 3.01 sen per diluted and basic share against revenue of MYR 477,768,000, operating profit of MYR 157,318,000, profit before taxation of MYR 135,754,000, profit attributable to owners of the company of MYR 109,145,000 or 3.73 sen per diluted and basic share a year ago. EBITDA was MYR 221,826,000 against MYR 274,096,000 a year ago. For the year, the company reported revenue of MYR 2,073,004,000, operating profit of MYR 543,955,000, profit before taxation of MYR 479,973,000, profit attributable to owners of the company of MYR 431,191,000 or 14.71 sen per diluted and basic share against revenue of MYR 1,659,184,000, operating profit of MYR 551,760,000, profit before taxation of MYR 468,617,000, profit attributable to owners of the company of MYR 385,828,000 or 13.17 sen per diluted and basic share a year ago. Net cash from operating activities was MYR 474,426,000 against MYR 567,082,000 a year ago. Purchase of property, plant and equipment was MYR 1,277,546,000 against MYR 893,267,000 a year ago. Net assets per share were MYR 1.49 against MYR 1.29 a year ago. EBITDA was MYR 994,184,000 against MYR 948,022,000 a year ago.

Bumi Armada Wins Two Contracts Worth MYR 4.6 Billion

Bumi Armada announced that it had bagged two contracts worth MYR 4.6 billion (SGD 1.77 billion). The had won contracts to deploy, operate and maintain a floating, production storage and offloading (FPSO) vessel in Kraken, one of the large oil fields in the United Kingdom side of the North Sea. The contracts are for eight years, each with options for 17 annual extensions with the FSPO to be delivered to the Kraken field by 2016. Some 140 million barrels of heavy oil are expected to be extracted from the Kraken oil field over 25 years.

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