Bumi Armada 2Q net profit expected to rise

Quick Summary:

PETALING JAYA: Bumi Armada Bhd is expected to register a core net profit increase in the second quarter of its financial year ended June 30, 2024 (2Q24), spurred by improving income.

Additionally, we do not expect any dividend for the year, which is consistent with the group’s historical trend.

Recall that the vessel arrived at the KG-DWN-98/2 field offshore Kakinada, India in end-2022, but saw first oil delayed due to operational challenges from the client.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndiaMali

Topics: Corporate News Oil and gas Offshore Bumi Armada Energy /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 07:00:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 13 lines

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Copyright Owner: © The Star

News ID: 21945786

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