Not all doom and gloom despite Bumi Armada net losses

KUALA LUMPUR: Bumi Armada Bhd’s net losses widened in the fourth quarter ended Dec 31, 2016 after a RM1.1bil non-cash impairment on several of its assets, predominantly in the offshore vessels (OSV) business segment.

The International offshore energy facilities and services provider announced on Tuesday its net losses in Q4 were RM1.


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