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Ezion Holdings posts 37.8% rise in Q2 profit

Published on Jul 31, 2014 11:10 AM
 
Ezion Holdings said on Thursday its second-quarter profit and revenue rose from a year ago as it chartered out more service rigs. -- PHOTO: EZION HOLDINGS

SINGAPORE - Ezion Holdings, which provides offshore vessels and services for the oil and gas industry, said on Thursday its second-quarter profit and revenue rose from a year ago as it chartered out more service rigs.

Net profit gained 25.5 per cent from the previous year to US$45.5 million, while revenue climbed 37.8 per cent to US$92.6 million, the Singapore-listed group said.

It attributed the rise in revenue to additional chartering contributions from deploying more liftboats and jack-up rigs.

Earnings per share rose to 3.58 cents for the second quarter, from 3.14 cents the previous year.

 
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