Ezion issues profit warning

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.