Bumi Armada has made a return to profit after two FPSO projects came on stream and the FPSO specialist had an impairment free quarter.
The Malaysian-based company has reported a net profit of MYR 116.6m ($27.3m) versus a loss of MYR 518.3m seen a year ago.
Revenue surged by over 72% to MYR 694.4m as the Armada Olombendo FPSO and the Armada LNG Mediterrana FSU came into operation.
