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Ezion net falls 9% to US$41m in Q1

But shares up, probably on analysts' view that group's outlook is still brighter than that of peers

Published Wed, May 13, 2015 · 09:50 PM

Singapore

SERVICE rig owner Ezion still appears to have a brighter outlook than its peers in the downbeat offshore support industry even though its first-quarter earnings came in below expectations, analysts said on Wednesday.

Investors seemed to agree, sending Ezion shares up 1.5 S cents to S$1.22 on 17.7 million shares traded after the results release even though both its topline and bottomline had fallen.

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