Ezion Q3 earnings up 29% on jump in revenue

Offshore marine group cites chartering contribution from deployment of additional service rigs

Published Thu, Nov 6, 2014 · 09:50 PM

Singapore

OFFSHORE marine group Ezion Holdings on Thursday posted a 29 per cent year-on-year surge in third-quarter net profit to US$49.2 million.

The better earnings for the July-September quarter came on the back of a 24.5 per cent rise in revenue to US$94.9 million from US$76.2 million, mainly due to chartering contribution from deployment of additional units of the group's service rigs.

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