Ezion Q4 profit doubles to US$84m

Singapore

OFFSHORE marine group Ezion Holdings capped 2014 with a strong showing, notching up just over a two-fold increase in quarterly net profit to US$83.7 million from US$40.5 million a year ago.

The firm, one of the largest in terms of market value in the offshore support services space on the Singapore Exchange, achieved a 25 per cent increase in revenue to US$104.6 million that was led by the chartering of additional units of liftboat and service rigs.