Ezion warns of US$1b net loss on huge impairment

Singapore

BELEAGUERED offshore and marine group Ezion Holdings issued a profit guidance late on Wednesday for the group's financial performance for the fourth quarter and full year ended Dec 31, 2017.

The group is likely to record a net loss of approximately US$1 billion for both Q4 2017 and FY2017, largely due to impairment losses of about US$900 million.