The Straits Times
Published on Oct 25, 2012

Ezra Holdings' full-year profit rises 62% despite slower Q4


EZRA Holdings has reported a 41 per cent drop in fourth quarter net profit to US$7.3 million.

This was despite a 49 per cent jump in revenue to US$326.3 million for the three months ended Aug 31.

For the full year, net profit soared by 62 per cent to US$65 million while revenue jumped by 76 per cent to US$984.2 million.

Profit was boosted by a 251 per cent increase in net other operating income to US$65.5 million despite a 90 per cent jump in administrative expenses to US$135.4 million.