Bumi Armada Bhd's earnings rose 22% to RM109.67mil in the first quarter ended March 31, 2013 from RM89.7mil a year ago.
It said on Tuesday the earnings were underpinned by increased activities in its offshore support vessel, transport and installation services and floating production.
Its order book was RM12.2bil of which RM7.9bil were firm contracts and the rest were optional extensions.
Its revenue rose 44% to RM488.75mil from RM335.11mil a year ago. Earnings per share were 3.74 sen compared to 3.06 sen last year.
Bumi Armada said the offshore oil and gas services remain positive with the long term oil price expected to remain above US$70 per barrel.