Ezra's first quarter net profit nearly halves, causing share price to tumble

Published on Jan 14, 2013
5:20 PM

By Dennis Chan

Offshore services group Ezra Holdings today reported a 49 per cent drop in first quarter net profit to US$6.8 million (S$8.3 million).

The weaker earnings sent Ezra shares tumbling 4.2 per cent to S$1.25.

Profits were hurt by higher expenses and lower contributions from associated companies.

This was despite revenue for the three months to Nov 30 rising 54 per cent to US$278.7 million.

comments powered by Disqus

Most Popular

1.	Global economy 'must reform or risk economic stagnation': DPM Tharman
2.	Death sentence for woman in China's underground bank case
3.	German minister calls EU move on China solar 'grave mistake'
4.	EU, China have much to lose if trade war breaks out: Analysts
5.	ComfortDelGro to buy Melbourne bus operator for $26.8 million
6.	Yahoo to buy blog-maker Tumblr for $1.4 billion: Report
7.	Japan's economic rebound a recipe for Europe?
8.	Britain's Cameron makes personal plea to tax havens
9.	Koh Boon Hwee to invest in XMH Holdings
10.	Thai financial ministry satisfied with recent baht weakness