Bumi Posts Wider Full-Year Net Loss

Bumi PLC VLLRF reported a wider net loss for full year 2012. Bumi posted a net loss of $2.32 billion for the year, versus a year-ago net loss of $337 million. Its pretax loss widened to $2.41 billion from $119 million, while revenue gained to $1.53 billion from $1.41 billion. Bumi's operating loss came in at $757 million, versus a year-ago profit of $276 million, while diluted loss per share widened to $9.64 from $1.76.