Bumi Armada has sunk to a second quarter loss of MYR 518.3m ($128.1m) due to impairments on one of its vessels.
The Malaysian FPSO specialist recorded total non-cash impairment charges of MYR 575.5m, predominantly on the Armada Claire.
Second quarter 2016 revenue was at MYR 402.9m, 12.2% lower than the MYR 459.1m reported in the corresponding period last year.
The decline in revenue was mainly due to a 28.1%
