KUALA LUMPUR: Bumi Armada Bhd, which is raising RM2.029 billion from its listing exercise, has an order book of RM5.8 billion as at June 1.
Its chief executive officer Hassan Assad Basmas said on Thursday, June 30 that the company had optional extension periods for the contracts valued at RM2.5 billion.
He was speaking to reporters at the launch of the prospectus.
According to the prospectus, for the year ended Dec 31, 2010 it recorded net profit of RM351 million and earnings before interest, tax, depreciation and amortization (EBITDA) of RM714 million.
For the three months ended March 31, 2011, net profit was RM82 million and EBITDA at RM185 million.
Its revenue for FY10 was RM1.241 billion while revenue for the 1Q ended March 31, 2011 was RM376 million.
It added that about 84.8% of its revenue for FY10 and 67.7% for 1Q ended March 31, 2011 was 67.7% were derived from outside Malaysia.
The company said its borrowing as at March 31, 2011 totalled RM3.479 billion and its gearing ratio was about 2.75 times, which was higher than the average gearing ratio of the industry players of 1.03 times.
It expected its gearing ratio to be reduced to 0.85 times post-IPO.
Its chief executive officer Hassan Assad Basmas said on Thursday, June 30 that the company had optional extension periods for the contracts valued at RM2.5 billion.
He was speaking to reporters at the launch of the prospectus.
According to the prospectus, for the year ended Dec 31, 2010 it recorded net profit of RM351 million and earnings before interest, tax, depreciation and amortization (EBITDA) of RM714 million.
For the three months ended March 31, 2011, net profit was RM82 million and EBITDA at RM185 million.
Its revenue for FY10 was RM1.241 billion while revenue for the 1Q ended March 31, 2011 was RM376 million.
It added that about 84.8% of its revenue for FY10 and 67.7% for 1Q ended March 31, 2011 was 67.7% were derived from outside Malaysia.
The company said its borrowing as at March 31, 2011 totalled RM3.479 billion and its gearing ratio was about 2.75 times, which was higher than the average gearing ratio of the industry players of 1.03 times.
It expected its gearing ratio to be reduced to 0.85 times post-IPO.
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