Thursday, 14 January 2016

SGX Stocks Update: Ezra Holdings Got Collapsed Into 1Q16 Net Loss of US$55.3 Million

SGX Stocks News: Ezra Holdings has declared 1Q16 net loss of US$55.3 million, a radical change from the net benefits of US$54.4 million in 1Q15, despite the fact that the gathering recorded a 18.9 percent expansion in income. Income expanded to US$152.3 million for the most part because of expanded commitments from Marine Services Division, which was halfway counterbalanced by a lessening in income from Offshore Support and Production Services Division and slight reduction of US$1.9 million from Energy Services Division.

Be that as it may, net benefits drooped 44.3% to US$15.7 million and gross overall revenue diminish from 22 percent in a year ago to 10 percent in 1Q16 essentially because of shortcoming in the Offshore Support and Production Services Division.

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