Offshore support and marine services provider Ezra Holdings on Wednesday said its second-quarter profit rose 21 per cent to US$14.9 million.
Ezra said the strong performance was largely due to the strong performance of the offshore support and marine services division, as well as the contribution from the new energy services division.
Revenues for the three months ended February rose 30 per cent to US$63 million.
Ezra’s Managing Director Lionel Lee said the company’s revenue visibility over the next one to two years is very good as its vessels are on long term time charters, and are involved in the production phase of existing offshore fields.
In a separate statement, Ezra announced new and renewal charter contracts worth US$47 million for three vessels.
These two-year contracts, including the extension options, require Ezra to charter three anchor, handling, towing and supply vessels to various parties for operation in Southeast Asia.
Mr. Lee said the contracts reflect the firm demand for offshore support vessels and will contribute positively to the Group’s earnings through the current financial year
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Ezra Holdings’ Q2 profit rises 21% to US$14.9m
Offshore support and marine services provider Ezra Holdings on Wednesday said its second-quarter profit rose 21 per cent to US$14.9 million.
Ezra said the strong performance was largely due to the strong performance of the offshore support and marine services division, as well as the contribution from the new energy services division.
Revenues for the three months ended February rose 30 per cent to US$63 million.
Ezra’s Managing Director Lionel Lee said the company’s revenue visibility over the next one to two years is very good as its vessels are on long term time charters, and are involved in the production phase of existing offshore fields.
In a separate statement, Ezra announced new and renewal charter contracts worth US$47 million for three vessels.
These two-year contracts, including the extension options, require Ezra to charter three anchor, handling, towing and supply vessels to various parties for operation in Southeast Asia.
Mr. Lee said the contracts reflect the firm demand for offshore support vessels and will contribute positively to the Group’s earnings through the current financial year
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