Ezra Secures Subsea Deal

17 January 2010 (Last Updated January 17th, 2010 18:30)

Ezra Holdings has won a $12m contract to provide inspection, maintenance and repair services for the production field of a national oil company in Singapore. The company recently posted a 93% year-on-year increase in net attributable profit to $18.4m for its first quarter ending 30 Nove

Ezra Holdings has won a $12m contract to provide inspection, maintenance and repair services for the production field of a national oil company in Singapore.

The company recently posted a 93% year-on-year increase in net attributable profit to $18.4m for its first quarter ending 30 November 2009.

Ezra Holdings’ subsidiary EOC reported a 62% profit of $9.9m from $6.1m last year with its first floating production, storage and offloading unit coming on stream in October 2009.