Adjusted PAT a better reflection of Ezra's financial performance

I REFER to the BT articles "Singapore's Ezra looks to raise funds through equity", "Stocks to watch: Singtel, Ezra" (both published on BT Online on April 8, 2015) and "Ezra to cut jobs, boost focus on west Africa" (published on April 9, 2015).

I would like to highlight to investors that to get a better understanding of Ezra's financial performance, it would be more meaningful to look at our adjusted Profit after Tax (PAT). This is because the adjusted PAT is a better reflection of the company's recurring profits, and excludes its gain/ loss from disposal/write-offs/ impairment of fixed assets, impairment of goodwill and gain from bargain purchase /reclassification, due to the consolidation of our subsidiary, EMAS Offshore Limited.

Included is a summary of our key highlights of FY2Q 2015 and FY1H 2015, for ease of reference.