Singapore's Ezra Holdings reports Q1 net loss

Ezra Holdings

14/01/2016 01:12

SINGAPORE, Jan 14 (Reuters) - Singapore-based oilfield 
service firm Ezra Holdings Ltd  EZRA.SI  said it made a net loss 
of $53.7 million in the first quarter as the industry continued 
to face challenges from volatile oil prices.  
    The company posted a 19 percent gain in revenue for the 
quarter ended Nov. 30, 2015, the company said in a statement. 
 urn:newsml:reuters.com:*:nSNZ1x4YwN 
    "FY2016 will be a tough year for the group," Ezra Group 
Chief Executive Officer Lionel Lee said. 
     "The group continues to work on the rationalisation of its 
non-core assets with the goal of deleveraging its balance 
sheet." 
     
     
     
 
 (Reporting by Rujun Shen; Editing by Stephen Coates) 
 ((rujun.shen@thomsonreuters.com; +65-6403-5666; Reuters 
Messaging: rujun.shen.thomsonreuters.com@reuters.net)) 
 
Keywords: EZRA HOLDINGS RESULTS/