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Ezra awash in red with S$249m Q2 loss

Published Fri, Apr 15, 2016 · 09:50 PM

Singapore

OFFSHORE services provider Ezra Holdings will be divesting its stake in a floating vessel by June as it looks to streamline its businesses amid "significant challenges" seen in the global oil-and-gas industry.

The company announced in a filing to the Singapore Exchange (SGX) on Thursday night that a series of impairments and disposals of fixed assets in the quarter ended Feb 29 has had an impact on the financials of its continuing operations.

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