Wednesday, January 12, 2011

Singapore's Ezra wins three charters worth $94.1m

Singapore oil services company Ezra Holdings (EZRA.SI) said on Wednesday it had won new charters worth up to US$73 million ($94.1 million) for three of its offshore support vessels.
 
The firm also reported a 28% fall in its first-quarter net profit to US$13.3 million from a year ago, mainly due to a lower share of profits from joint venture and associated companies, as well as higher financial expenses.
 
However, Ezra’s revenue for the three months ended Nov 30 last year grew 25 percent year-on-year to US$75.9 million, spurred by increased contributions from its deepwater subsea and marine services divisions.
 

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