Ezion widens Q4 loss on increased impairments
It decides to indefinitely postpone four projects committed at high prices
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
OILFIELD services provider Ezion Holdings saw its fourth-quarter net loss widen to US$66.61 million, up 4.9 per cent from a year ago, mainly on increased impairment losses tied to projects committed at high oil prices.
Taking into account an enlarged share capital due to new equity issuance, loss per share was 3.3 US cents compared to 4.08 US cents.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
