Ezion's Q1 loss widens to US$46m year on year

Singapore

EZION'S first-quarter unaudited results released showed a widening loss, a result which had been expected following a warning by the group earlier last week.

The liftboat and offshore assets operator also gave an update on its refinancing exercise and its impact on some key financial parameters. As at May 9, Ezion had issued an additional 1.13 billion ordinary shares - predominantly from the conversion of bonds and perpetuals to equity.