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Triyards sinks into the red with Q2 net loss of US$6.25m

This is due mainly to US$8.4m allowance for doubtful receivables from Ezra-related entities

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Yard operating unit Triyards, 60% owned by Ezra, is in the process of seeking advice on the Ezra Chapter 11 filing, as well as assessing the impact of such a filing on the group.

Singapore

TRIYARDS Holdings, the listed subsidiary of beleaguered offshore and marine firm Ezra Holdings, announced on Friday a net loss of US$6.25 million for the second quarter ended Feb 28. This compared to a net profit of US$5.28 million a year ago.

This is mostly due to an US$

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