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...
24 Jalan Perak
Kuala Lumpur, 50450
Founded in 1995
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
Feb 19 14
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.