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Ezra reports record revenue of US$165m for 3Q FY11 (14 Jul 11)

Labels:

  • Revenue: +51% (3Q11), +39% (9M11)
  • Net Profit: -75% (3Q11), -49% (9M11)
  • Press Release: Revenue up 51% for the quarter, boosted by maiden contribution from AMC and higher sales from the Offshore Support Services and Marine Services Divisions
  • Results incorporate costs from the integration of AMC
  • Overall orderbook expected to remain robust, underpinned by surging demand in subsea secto
  • Outlook: The Group is cautiously optimistic that the outlook of the oil and gas industries will be positive in the next 12 months, barring any unforeseen circumstance that may arise to destabilise the current financial market and global economy.
  • Deep water development and production is expected to drive the industry for the next few years.
  • The Group remains committed to its strategy of operating a fleet of young and technological advanced vessels, which are capable of operating in the deep water segment to support the construction and production phase of the oil field cycle.

FINANCIAL RECORDS

Revenue (USD '000)
FY 1Q 2Q 3Q 4Q Total
2011 75,935 98,834 164,793
2010 60,971 74,474 108,842 109,331 353,618
2009 113,016 63,049 59,891
93,481 329,437
2008 45,368 48,584 55,180 119,214 268,346
2007 NA NA 29,752 69,198 143,546

Revenue (SGD '000)
FY 1H 2H Total
2007 68,158 150,664 218,822
2006 36,368 73,957 110,325
2005 22,438 50,109 72,547
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Earnings (USD '000)
FY 1Q 2Q 3Q 4Q Total
2011 13,298 7,972 6,647
2010 18,427 10,352 26,337 21,594 76,105
2009 9,561 14,930 18,777 26,815 70,088
2008 138,909 12,378 17,425 6,589 175,301
2007 NA NA 9,824 43,300 68,208

Earnings (SGD '000)
FY 1H 2H Total
2007 23,053 80,923 103,976
2006 35,413 26,323 61,736
2005 9,202 17,816 27,018
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Dividends

FY Interim Final Special (SGD)

2011 NA
2010 NA 0.015 NA
2009 NA 0.015 NA
2008 0.05 (Spe) NA NA
2007 NA 0.0355 NA
2006 0.022 0.026 0.016
2005 0.006 0.027 0.008
2004 NA 0.019 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split

Date Type Details

2010-09-15 Rights OFFER OF 1 FOR 5 @ SGD 1.18
2007-11-05 Bonus OFFER OF 1 FOR 1
2006-06-21 Bonus OFFER OF 1 FOR 5
2005-01-19 Bonus OFFER OF 1 FOR 5
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Share Data (USD)

NAV = $0.9716
EPS = $0.0348 (9M FY11)
Diluted EPS = $0.0348 (9M FY11)
No of Shares = 862,081,857



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