Ezra slips into the red in Q1, plans to boost vessel utilisation
Revenue up 19% at US$152.3m despite US$19.3m fall in turnover at Emas Offshore unit
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
EZRA Holdings, which slipped into the red in the fiscal first quarter (Q1 FY2016), plans to stay the course in cutting costs and bumping up vessel utilisation, its group chief executive told The Business Times.
For the three months ended Nov 30, 2015, Ezra posted a net loss attributable to equity-holders of US$55.35 million, a reversal from the US$54.4 million net profit for the previous corresponding quarter.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
