Ezra Q4 profit from continuing ops at US$8.9m

Singapore

EZRA Holdings posted Q4 profit from continuing operations of US$8.9 million, compared to a restated loss of US$7.1 million the year before. Taking in losses from discontinued operations of US$16.7 million, loss attributable to owners of the company would be US$7.8 million.

Over the last 12 months, an increase in turnover of its marine services unit, Triyards, more than offset declines in revenues for subsea business unit Emas AMC and its offshore and support services division, Emas Offshore Limited (EOL).

Revenue for the quarter was up 22 per cent to US$147.4 million for continuing operations. Full-year revenue was up 11 per cent to US$543.8 million.

Turnover at Triyards was boosted by constant liftboat deliveries and additional revenue from the acquired specialised alumin…