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Ezion shares up as group delivers strong Q2 results
Analysts also expect offshore logistics provider to deliver robust H2 results
Add BT as a preferred sourcePublished Thu, Jul 31, 2014 · 10:00 PM
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BUOYANT second-quarter results combined with news of a proposed bonus share issue sent the stock of Ezion Holdings up yesterday. Also helping were analysts' expectations that the offshore oil and gas logistics provider would also deliver strong second-half results.
The stock rose to an intra-day high of S$2.17 before closing at S$2.15, up four Singapore cents or about 2 per cent.
Ezion posted net profit of US$45.4 million for the three months ended June 30, up from US$36.2 million a year ago, or 3.58 US cents a share, compared with 3.14 US cents last year.
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