Ezra sinks into the red for Q4

OFFSHORE services group Ezra Holdings sank into the red for its fourth quarter after booking a loss from discontinued operations.

It chalked up a US$7.81 million net loss for the three months ended Aug 31, in a reversal of the restated US$11.04 million profit the previous year, it said in a Singapore Exchange filing on Friday.

Net profit from continuing operations, however, went from negative US$7.14 million in Q4 last year to a positive US$8.89 million. Revenue from continuing operations climbed 22 per cent year-on-year to US147.39 million.

Full-year profit was down a milder 3 per cent year-on-year to US$43.73 million.

Earnings per share (EPS) for the full year fell to 2.29 US cents, from 2.7 US cents the previous year. Ezra did not disclose Q4 EPS.