Ezion Holdings posts 37.8% rise in Q2 profit
Published on Jul 31, 2014 11:10 AM
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.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!