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Ezion back in black on fair value gain

It posts Q2 net profit of US$86.96m, reversing from loss after tax of US$2.57m for the year-ago period

Published Thu, Aug 9, 2018 · 09:50 PM

Singapore

LIFTBOAT-focused Ezion Holdings returned to profitability in the second quarter mainly on fair value adjustments arising from its refinancing exercise, which more than offset a gross loss from its operations.

Ezion posted a profit after tax of US$86.96 million for the quarter ended June 30, 2018, reversing from a loss after tax of US$2.57 million for the year-ago period.

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