Ezion issues profit warning

Published Mon, May 8, 2017 · 11:19 AM

OFFSHORE services group Ezion Holdings issued a profit guidance on Monday for its first quarter ended March 31 this year.

It said in a Singapore Exchange filing that the depreciation of the greenback in the quarter led to a "material foreign exchange loss" on the group's unsecured financial liabilities denominated in Singapore dollars, and the group therefore made a net loss for Q1.

It said it is scheduled to release results on May 12.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes