Ezion Q3 net profit down 69%

10 Nov 2016 - Business Times Breaking News
EZION Holdings' third quarter net profit fell 69 per cent to US$9.4 million from US$30.3 million. The offshore and marine firm's revenue for the three months to September 2016 fell 7.4 per cent to US$79.80 million on the back of lower charter rates and delay of deployment of the group's service rigs ...
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Ezion’s Latest Earnings: What Investors Should Know

10 Nov 2016 - The Motley Fool Singapore
Ezion (SGX: 5ME) reported its third-quarter earnings this morning. The reporting period was for 1 July 2016 to 30 September 2016. As a quick background for context later, Ezion is an oil and gas support services provider. The company owns a fleet of offshore assets that include multi-purpose self-propelled ...
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Will Ezion finally see an earnings uptick in Q3?

4 Oct 2016 - Singapore Business Review
Its wind farm project might be very timely. Better days may come for Ezion this 3Q16, thanks to the deployment of its Atlantic Amsterdam Unit #8 in the North Sea for a 16-month contract for DONG Energy UK. The contract is for an offshore wind farm installation project. It’s a welcome change according ...
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Daily Briefing: Otto Marine’s Australian units face court action; Ezra rebound seen as fleeting

27 Sep 2016 - Singapore Business Review
And foreign factors benefit luxury home market in Singapore. A Singapore-listed builder of ships that service offshore oil and gas facilities said some creditors are seeking to wind up its subsidiaries in Australia, adding to signs of strains in an industry beset by energy price declines. Otto Marine ...
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Why Ezion's Pelita Bara Samudera stake buy won't boost earnings

15 Sep 2016 - Singapore Business Review
Group’s 3Q16 is likely to be lacklustre. Ezion Holdings is just treading water with its acquisition of 49% stake in Indonesia’s PT Pelita Bara Samudera (PBS) as the foreign shipping company currently has only one tanker in its inventory. According to OCBC, the purchase of PBS has little impact on Ezion’s ...
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Ezion inks JV with Charisma for an electricity business

6 Sep 2016 - Singapore Business Review
The agreement gave birth to Henosis Investments. Through its investment arm, Ezion Holdings Ltd. entered into a joint venture agreement with Charisma Group to incorporate an investment holding company in the city-state, the Henosis Investments Pte. Ltd. In a statement, Ezion said it will equally share ...
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False alarm: Ezion junks first profit reveal, slashes earnings to $11m

30 Aug 2016 - Singapore Business Review
Additional impairments were taken into consideration. After an associate company reported additional impairment for property, plant and intangible assets, Ezion Holdings Ltd. revised its reported net profit down to US$8.1 million for the quarter ending in June. The impairment reported by its associate ...
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These 2 Stocks Have Seen Insiders Buy Shares Lately

26 Aug 2016 - The Motley Fool Singapore
One of the more commonly used strategies by investors is to follow insider transactions. That’s something even the legendary super investor Peter Lynch did. In his book One Up on Wall Street, Lynch shared investing checklists that he had used and one of the criteria was this: “Whether insiders are buying ...
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Ezion pleads banks for repayment extension to avoid refinancing loans

25 Aug 2016 - Singapore Business Review
Repayment period will be stretched to 8 years. Ezion Holdings Limited may have to weather downturns in a tightened credit market over the next two years as it needs refinancing of around US$270 million, but with its current loan restructuring, it may not need to do so, analysts say. According to a report ...
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Here's why banks won't be pulling Ezion's credit anytime soon

25 Aug 2016 - Singapore Business Review
Most of the loans are secured by liftboat assets. Ezion will still be able to count on banks for loans, as the company's profits are safe from drying up anytime soon. According to a report by Maybank Kim Eng, most of the bank loans are secured by Ezion's liftboat assets. "In our view, it is logical for ...
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