Ezra Holdings

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#55
The Straits Times
www.straitstimes.com
Published on Jan 15, 2013
Ezra's Q1 profit nearly halves on higher expenses


OFFSHORE services group Ezra Holdings reported a 49 per cent drop in first-quarter net profit to US$6.8 million (S$8.3 million) yesterday.

The weaker earnings, which were reported before the stock market opened, sent its shares tumbling 4.2 per cent to $1.25.

Profits were hurt by higher expenses and lower contributions from associated companies.

This was despite revenue for the three months to Nov 30 rising 54 per cent to US$278.7 million.

Revenue was boosted by higher sales from the offshore support services division, due mainly to the inclusion of new vessels for operations.

This was partially offset by vessels that were sent for repair and maintenance, and in transit to the next area of operations.

Financial expenses were up 28 per cent at US$10.5 million while share of profit from associates slumped by 64 per cent to US$1.8 million.

A 34 per cent increase in administrative expenses to US$35.8 million was attributed mainly to higher personnel cost as a result of increased hirings at the subsea division to prepare for new projects.

Bad debts written off also contributed to the higher expenses.

Earnings per share slipped to 0.69 US cent from 1.54 US cents previously while net asset value per share increased to 118.47 US cents compared to 103.87 US cents as of Aug 31.

Managing director Lionel Lee said the group is expected to reap the benefits from a gradual recovery in the offshore support services sector. Improving operational efficiency and delivering a growing order book will also hold the group in good stead.

Separately, Ezra yesterday said its units had been awarded multiple contracts for projects in the North Sea and Asia-Pacific.

One unit, Emas AMC, has won several new contracts and options worth up to US$85 million in total for several projects in the North Sea and Asia. This includes a project with an oil major in the Asia-Pacific region worth up to US$45 million.

Other awards include a new subsea and moorings installation contract relating to a development project for an independent oil company in Malaysia as well as additional work in the North Sea from Statoil of Norway.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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Ezra Holdings - by Musicwhiz - 22-10-2010, 04:19 PM
RE: Ezra Holdings Limited - by Musicwhiz - 22-10-2010, 09:27 PM
RE: Ezra Holdings Limited - by Musicwhiz - 23-10-2010, 06:21 AM
RE: Ezra Holdings Limited - by Musicwhiz - 25-10-2010, 06:07 AM
RE: Ezra Holdings Limited - by Musicwhiz - 26-10-2010, 06:10 AM
RE: Ezra Holdings Limited - by Musicwhiz - 27-10-2010, 08:01 PM
RE: Ezra Holdings Limited - by dydx - 27-10-2010, 08:48 PM
RE: Ezra Holdings Limited - by Musicwhiz - 28-10-2010, 01:49 PM
RE: Ezra Holdings Limited - by Jon-san - 29-10-2010, 12:19 AM
RE: Ezra Holdings Limited - by Musicwhiz - 13-01-2011, 07:19 AM
RE: Ezra Holdings Limited - by freedom - 13-01-2011, 07:37 AM
RE: Ezra Holdings Limited - by d.o.g. - 27-01-2011, 04:27 PM
RE: Ezra Holdings Limited - by Musicwhiz - 28-01-2011, 11:38 AM
RE: Ezra Holdings Limited - by d.o.g. - 28-01-2011, 06:18 PM
RE: Ezra Holdings Limited - by Musicwhiz - 14-04-2011, 03:35 PM
RE: Ezra Holdings Limited - by Musicwhiz - 15-04-2011, 07:11 AM
RE: Ezra Holdings Limited - by Nick - 06-06-2011, 05:18 PM
RE: Ezra Holdings Limited - by Musicwhiz - 17-06-2011, 05:59 AM
RE: Ezra Holdings Limited - by Musicwhiz - 15-07-2011, 12:39 AM
RE: Ezra Holdings Limited - by Musicwhiz - 15-07-2011, 04:28 AM
RE: Ezra Holdings Limited - by Musicwhiz - 06-09-2011, 06:34 PM
RE: Ezra Holdings Limited - by Musicwhiz - 07-09-2011, 05:07 AM
RE: Ezra Holdings Limited - by Musicwhiz - 23-09-2011, 12:01 AM
RE: Ezra Holdings Limited - by Musicwhiz - 11-10-2011, 06:15 PM
RE: Ezra Holdings Limited - by Musicwhiz - 28-10-2011, 12:06 PM
RE: Ezra Holdings Limited - by dydx - 28-10-2011, 07:49 PM
RE: Ezra Holdings Limited - by Musicwhiz - 29-10-2011, 09:47 PM
RE: Ezra Holdings Limited - by Musicwhiz - 04-11-2011, 05:12 PM
RE: Ezra Holdings Limited - by Musicwhiz - 10-01-2012, 06:16 PM
RE: Ezra Holdings Limited - by Musicwhiz - 12-01-2012, 02:53 PM
RE: Ezra Holdings Limited - by Musicwhiz - 30-01-2012, 10:08 AM
RE: Ezra Holdings Limited - by Musicwhiz - 06-03-2012, 06:07 PM
RE: Ezra Holdings Limited - by Musicwhiz - 13-03-2012, 05:19 AM
RE: Ezra Holdings Limited - by greengiraffe - 13-03-2012, 01:47 PM
RE: Ezra Holdings Limited - by camelking - 13-03-2012, 02:15 PM
RE: Ezra Holdings Limited - by Musicwhiz - 13-03-2012, 02:25 PM
RE: Ezra Holdings Limited - by greengiraffe - 13-03-2012, 02:42 PM
RE: Ezra Holdings Limited - by Musicwhiz - 13-03-2012, 11:09 PM
RE: Ezra Holdings Limited - by camelking - 14-03-2012, 12:38 AM
RE: Ezra Holdings Limited - by kng - 13-03-2012, 10:54 PM
RE: Ezra Holdings Limited - by camelking - 15-03-2012, 08:41 AM
RE: Ezra Holdings Limited - by Musicwhiz - 13-04-2012, 07:31 AM
RE: Ezra Holdings Limited - by greengiraffe - 13-04-2012, 08:25 AM
RE: Ezra Holdings Limited - by camelking - 13-04-2012, 08:44 AM
RE: Ezra Holdings Limited - by Musicwhiz - 13-04-2012, 12:15 PM
RE: Ezra Holdings Limited - by Musicwhiz - 12-07-2012, 02:50 PM
RE: Ezra Holdings Limited - by Musicwhiz - 28-08-2012, 07:45 AM
Ezra Holdings Limited - by godjira1 - 29-08-2012, 01:35 AM
RE: Ezra Holdings Limited - by Musicwhiz - 04-09-2012, 07:45 AM
RE: Ezra Holdings Limited - by Some-one - 04-09-2012, 10:07 PM
RE: Ezra Holdings Limited - by Louhan - 09-10-2012, 01:55 PM
RE: Ezra Holdings Limited - by AlphaQuant - 19-09-2012, 09:11 PM
RE: Ezra Holdings Limited - by Musicwhiz - 09-10-2012, 03:24 PM
RE: Ezra Holdings Limited - by specuvestor - 15-04-2013, 08:54 AM
RE: Ezra Holdings Limited - by Musicwhiz - 15-01-2013, 07:54 AM
RE: Ezra Holdings Limited - by greengiraffe - 13-04-2013, 09:19 AM
RE: Ezra Holdings Limited - by Musicwhiz - 13-04-2013, 08:30 AM
RE: Ezra Holdings Limited - by Musicwhiz - 13-04-2013, 09:31 AM
RE: Ezra Holdings Limited - by greengiraffe - 13-04-2013, 09:46 AM
RE: Ezra Holdings Limited - by Musicwhiz - 13-04-2013, 11:37 AM
RE: Ezra Holdings Limited - by felixleong - 11-09-2013, 03:26 PM
RE: Ezra Holdings Limited - by DP28 - 11-09-2013, 03:37 PM
RE: Ezra Holdings Limited - by Tiggerbee - 11-09-2013, 03:38 PM
RE: Ezra Holdings Limited - by Some-one - 11-09-2013, 05:28 PM
RE: Ezra Holdings Limited - by felixleong - 11-09-2013, 05:59 PM
RE: Ezra Holdings Limited - by Some-one - 11-09-2013, 06:23 PM
RE: Ezra Holdings Limited - by brattzz - 11-09-2013, 09:12 PM
RE: Ezra Holdings Limited - by Louhan - 11-09-2013, 09:56 PM
RE: Ezra Holdings Limited - by DP28 - 13-09-2013, 10:40 AM
RE: Ezra Holdings Limited - by Some-one - 13-09-2013, 03:53 PM
RE: Ezra Holdings Limited - by felixleong - 13-09-2013, 04:11 PM
RE: Ezra Holdings Limited - by DP28 - 13-09-2013, 04:35 PM
RE: Ezra Holdings Limited - by felixleong - 13-09-2013, 05:35 PM
RE: Ezra Holdings Limited - by kagemusha - 16-09-2013, 04:21 PM
RE: Ezra Holdings Limited - by happyharvest - 16-09-2013, 06:39 PM
RE: Ezra Holdings - by mkmk - 30-10-2013, 03:53 PM
RE: Ezra Holdings - by DP28 - 17-01-2014, 02:49 PM
RE: Ezra Holdings - by specuvestor - 17-01-2014, 03:46 PM
RE: Ezra Holdings - by DP28 - 17-01-2014, 11:47 PM
RE: Ezra Holdings - by ValueBeliever - 19-01-2014, 11:42 AM
RE: Ezra Holdings - by greengiraffe - 11-04-2014, 10:26 AM
RE: Ezra Holdings - by greengiraffe - 12-04-2014, 08:47 AM
RE: Ezra Holdings - by greengiraffe - 21-05-2014, 12:55 PM
RE: Ezra Holdings - by greengiraffe - 12-07-2014, 08:01 AM
RE: Ezra Holdings - by greengiraffe - 16-07-2014, 06:58 AM
RE: Ezra Holdings - by CityFarmer - 25-07-2014, 10:53 AM
RE: Ezra Holdings - by Ben - 25-07-2014, 11:04 AM
RE: Ezra Holdings - by EFG - 25-07-2014, 11:19 AM
RE: Ezra Holdings - by CityFarmer - 25-07-2014, 11:27 AM
RE: Ezra Holdings - by EFG - 25-07-2014, 12:03 PM
RE: Ezra Holdings - by specuvestor - 20-09-2014, 09:15 AM
RE: Ezra Holdings - by greengiraffe - 20-09-2014, 09:04 AM
RE: Ezra Holdings - by greengiraffe - 23-09-2014, 11:03 AM
RE: Ezra Holdings - by propertyinvestor - 16-10-2014, 07:49 PM
RE: Ezra Holdings - by greengiraffe - 16-10-2014, 07:51 PM
RE: Ezra Holdings - by greengiraffe - 25-10-2014, 07:22 PM
RE: Ezra Holdings - by CityFarmer - 26-11-2014, 05:11 PM
RE: Ezra Holdings - by greengiraffe - 26-11-2014, 06:17 PM
RE: Ezra Holdings - by greentea - 09-01-2015, 09:48 AM
RE: Ezra Holdings - by CityFarmer - 09-01-2015, 10:02 AM
RE: Ezra Holdings - by butcher - 09-01-2015, 11:35 AM
RE: Ezra Holdings - by CityFarmer - 09-01-2015, 03:10 PM
RE: Ezra Holdings - by butcher - 09-01-2015, 04:55 PM
RE: Ezra Holdings - by dydx - 09-01-2015, 05:58 PM
RE: Ezra Holdings - by CityFarmer - 09-01-2015, 09:13 PM
RE: Ezra Holdings - by butcher - 09-01-2015, 09:10 PM
RE: Ezra Holdings - by Musicwhiz - 09-01-2015, 10:34 PM
RE: Ezra Holdings - by weijian - 10-01-2015, 09:57 AM
RE: Ezra Holdings - by CityFarmer - 10-01-2015, 04:33 PM
RE: Ezra Holdings - by greentea - 12-01-2015, 11:51 AM
RE: Ezra Holdings - by CityFarmer - 14-01-2015, 04:04 PM
RE: Ezra Holdings - by CityFarmer - 27-01-2015, 10:21 AM
RE: Ezra Holdings - by brattzz - 27-01-2015, 05:46 PM
RE: Ezra Holdings - by CityFarmer - 08-04-2015, 09:43 AM
RE: Ezra Holdings - by mkmk - 16-04-2015, 08:08 PM
RE: Ezra Holdings - by greengiraffe - 31-05-2015, 07:57 AM
RE: Ezra Holdings - by Some-one - 31-05-2015, 01:59 PM
RE: Ezra Holdings - by newborn1000 - 31-05-2015, 04:39 PM
RE: Ezra Holdings - by Nick - 31-05-2015, 05:05 PM
RE: Ezra Holdings - by money - 31-05-2015, 05:18 PM
RE: Ezra Holdings - by Musicwhiz - 31-05-2015, 06:37 PM
RE: Ezra Holdings - by greengiraffe - 31-05-2015, 07:19 PM
RE: Ezra Holdings - by HitandRun - 02-06-2015, 06:02 AM
RE: Ezra Holdings - by newborn1000 - 31-05-2015, 10:54 PM
RE: Ezra Holdings - by propertyinvestor - 02-06-2015, 12:20 AM
RE: Ezra Holdings - by Musicwhiz - 02-06-2015, 12:25 AM
RE: Ezra Holdings - by greengiraffe - 16-06-2015, 10:35 PM
RE: Ezra Holdings - by mulyc - 17-06-2015, 08:32 PM
RE: Ezra Holdings - by greengiraffe - 22-06-2015, 11:41 PM
RE: Ezra Holdings - by Some-one - 23-06-2015, 04:51 PM
RE: Ezra Holdings - by CityFarmer - 24-06-2015, 10:49 AM
RE: Ezra Holdings - by butcher - 08-07-2015, 05:21 PM
RE: Ezra Holdings - by testwrite - 10-07-2015, 08:36 AM
RE: Ezra Holdings - by greengiraffe - 10-07-2015, 08:43 AM
RE: Ezra Holdings - by Behappyalways - 10-07-2015, 01:31 PM
RE: Ezra Holdings - by butcher - 10-07-2015, 02:21 PM
RE: Ezra Holdings - by greengiraffe - 24-08-2015, 10:41 AM
RE: Ezra Holdings - by greengiraffe - 23-11-2015, 08:06 AM
RE: Ezra Holdings - by greengiraffe - 24-11-2015, 01:26 PM
RE: Ezra Holdings - by CY09 - 16-01-2016, 12:33 PM
RE: Ezra Holdings - by Hayden - 18-01-2016, 03:48 PM
RE: Ezra Holdings - by brattzz - 18-01-2016, 08:44 PM
RE: Ezra Holdings - by weijian - 18-01-2016, 10:48 PM
RE: Ezra Holdings - by CityFarmer - 04-03-2016, 03:57 PM
RE: Ezra Holdings - by opmi - 04-03-2016, 05:20 PM
RE: Ezra Holdings - by Retired@52 - 02-07-2016, 12:09 PM
RE: Ezra Holdings - by GPD - 02-07-2016, 02:06 PM
RE: Ezra Holdings - by Retired@52 - 04-07-2016, 11:01 AM
RE: Ezra Holdings - by level13 - 04-07-2016, 01:23 PM
RE: Ezra Holdings - by CY09 - 02-07-2016, 03:06 PM
RE: Ezra Holdings - by CY09 - 16-07-2016, 09:35 AM
RE: Ezra Holdings - by Retired@52 - 21-07-2016, 10:55 PM
RE: Ezra Holdings - by brattzz - 22-07-2016, 12:14 PM
RE: Ezra Holdings - by whatamidoing - 29-07-2016, 12:01 PM
RE: Ezra Holdings - by happyharvest - 31-07-2016, 09:14 PM
RE: Ezra Holdings - by happyharvest - 31-07-2016, 09:16 PM
RE: Ezra Holdings - by brattzz - 30-07-2016, 09:21 AM
RE: Ezra Holdings - by specuvestor - 05-10-2016, 12:18 PM
RE: Ezra Holdings - by CY09 - 18-10-2016, 07:44 PM
RE: Ezra Holdings - by brattzz - 18-10-2016, 08:21 PM
RE: Ezra Holdings - by CY09 - 29-10-2016, 12:28 AM
RE: Ezra Holdings - by CY09 - 11-12-2016, 08:59 AM
RE: Ezra Holdings - by BlueKelah - 11-12-2016, 09:07 AM
RE: Ezra Holdings - by CY09 - 11-12-2016, 12:19 PM
RE: Ezra Holdings - by brattzz - 11-12-2016, 06:39 PM
RE: Ezra Holdings - by wind22i - 02-02-2017, 08:19 AM
RE: Ezra Holdings - by specuvestor - 02-02-2017, 01:09 PM
RE: Ezra Holdings - by weijian - 02-02-2017, 04:22 PM
RE: Ezra Holdings - by brattzz - 02-02-2017, 02:40 PM
RE: Ezra Holdings - by Musicwhiz - 02-02-2017, 02:45 PM
RE: Ezra Holdings - by brattzz - 02-02-2017, 05:47 PM
RE: Ezra Holdings - by specuvestor - 03-02-2017, 10:56 AM
RE: Ezra Holdings - by opmi - 03-02-2017, 02:16 PM
RE: Ezra Holdings - by CY09 - 03-02-2017, 09:13 PM
RE: Ezra Holdings - by weijian - 04-02-2017, 09:20 AM
RE: Ezra Holdings - by CY09 - 04-02-2017, 12:25 PM
RE: Ezra Holdings - by brattzz - 04-02-2017, 12:31 PM
RE: Ezra Holdings - by weijian - 06-02-2017, 07:27 PM
RE: Ezra Holdings - by yeokiwi - 07-02-2017, 06:49 AM
RE: Ezra Holdings - by weijian - 07-02-2017, 03:56 PM
RE: Ezra Holdings - by CY09 - 09-03-2017, 11:08 PM
RE: Ezra Holdings - by sgmystique - 10-03-2017, 08:24 AM
RE: Ezra Holdings - by weijian - 10-03-2017, 10:41 AM
RE: Ezra Holdings - by BlueKelah - 08-02-2017, 12:07 AM
RE: Ezra Holdings - by CY09 - 28-02-2017, 09:53 PM
RE: Ezra Holdings - by dydx - 03-03-2017, 07:51 AM
RE: Ezra Holdings - by money - 03-03-2017, 11:49 AM
RE: Ezra Holdings - by Behappyalways - 03-03-2017, 08:16 PM
RE: Ezra Holdings - by CY09 - 13-03-2017, 10:13 PM
RE: Ezra Holdings - by CY09 - 19-03-2017, 12:11 PM
RE: Ezra Holdings - by Big Toe - 19-03-2017, 02:48 PM
RE: Ezra Holdings - by BlueKelah - 19-03-2017, 06:30 PM
RE: Ezra Holdings - by Behappyalways - 19-03-2017, 08:30 PM
RE: Ezra Holdings - by slowandsteady - 25-03-2017, 12:02 PM
RE: Ezra Holdings - by BlueKelah - 25-03-2017, 01:02 PM
RE: Ezra Holdings - by CY09 - 25-03-2017, 12:48 PM
RE: Ezra Holdings - by weijian - 25-03-2017, 06:41 PM
RE: Ezra Holdings - by slowandsteady - 28-03-2017, 06:18 PM
RE: Ezra Holdings - by Triple70 - 28-03-2017, 10:14 PM
RE: Ezra Holdings - by slowandsteady - 29-03-2017, 09:41 AM
RE: Ezra Holdings - by Behappyalways - 17-07-2018, 03:33 PM

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