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Ezra posts 93% rise in net profit to $25.5m for 1Q

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Ezra Holdings, the support and marine services provider in the offshore oil & gas sector, says it posted a 93% y-o-y increase in net attributable profit (PATMI) to US$18.4 million ($25.5 million) for the 1QFY10 ended Nov 30 2009.

Revenue fell 46% y-o-y to US$61 million due to a decrease in revenue from the Marine Services Division by US$17.1 million and a decrease in the contribution from Deepwater Subsea Services Division by US$39.1 million less.

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