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Ezion issues profit warning for Q4 and FY2016 results
EZION Holdings Limited issued a profit warning after trading hours on Friday for its fourth quarter ended Dec 31, 2016, as well as its full-year 2016 results.
The group expects to record a net loss for both Q4 2016 and its full-year results due to impairment charges that are yet to be determined.
An assessment on the impairment of its assets has been carried out as the market conditions of the global oil and gas industry remains uncertain.
Details of the group's financial performance for Q4 2016 and FY2016 will be disclosed when the company announces its unaudited consolidated financial results, scheduled to be released on Feb 23.