Ezion still in the red, more impairment losses expected

Singapore

LOWER revenue and gross profit pulled liftboat-focused Ezion Holdings into the red for the third consecutive quarter this financial year.

The offshore and marine group also warned of more impairment losses to come for its service rigs and offshore logistics vessels, which face challenges getting employment.

For the three months ended Sept 30, it chalked up a net loss of USS$13.7 million compared to a net profit of USS$9.38 million for a year-ago period.

Loss per share was 0.75 US centfor Q3 against earnings per share of 0.39 US centfor…