Ezra posts 10% rise in Q4 net to US$11m

Singapore

EZRA Holdings saw its net profit for the fourth quarter ended August jump 10 per cent, from US$10.04 million to US$11.0 million. This was on the back of a 6 per cent increase in revenue, from US$419.2 million to US$446.0 million, the group reported on Friday.

For the 12 months ended August, net profit dropped 16 per cent, from US$53.6 million to US$45.3 million whereas its revenue jumped 18 per cent from US$1.262 billion to US$1.488 billion.

This despite the group seeing lower revenue contribution of US$25.4 million from its offshore support services division, EMAS Marine, which it consolidated with EOC Ltd for a dual listing as EMAS Offshore Ltd on t…