Bumi Armada Reports Full Year 2017 Net Profit of RM352 Million

Kuala Lumpur, 26 February 2018 – Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad (“Bumi Armada” or “the Group”) today announced its fourth quarter (“Q4”) and full year (“FY”) 2017 financial results.

The Group saw revenue for FY 2017 increase by 82.3% to RM2.4 billion over FY 2016. This increase was mainly due to higher revenue from the FPO business, which increased by 263.5% in FY 2017, versus FY 2016. The increase in the FPO revenues was mainly due to stronger contributions from the four new FPO projects delivered over the course of the year.