Ezra awash in red with S$249m Q2 loss

Singapore

OFFSHORE services provider Ezra Holdings will be divesting its stake in a floating vessel by June as it looks to streamline its businesses amid "significant challenges" seen in the global oil-and-gas industry.

The company announced in a filing to the Singapore Exchange (SGX) on Thursday night that a series of impairments and disposals of fixed assets in the quarter ended Feb 29 has had an impact on the financials of its continuing operations.

As a result, it incurred a net loss of US$249.9 million this quarter, do…