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Ezion widens Q4 loss on increased impairments
It decides to indefinitely postpone four projects committed at high prices
Add BT as a preferred sourcePublished Thu, Feb 23, 2017 · 09:50 PM
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.
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