Shares & Derivatives
Ezra Holdings 1Q Result Disappoints (yet again)
By The Journalist  •  January 18, 2011


Singapore’s Ezra Holdings Limited has just announced their 1Q results a few days ago. Since this was one of the counters I’ve been monitoring, I thought I just do a quick one with their results here.

Revenue of US$75.9mil is an increase of 25% y-o-y. Not bad it seems. Profit from operations is US$18.2mil comparing to US$13mil in 2009, an increase of 40%!

Now let’s take a closer look and include financial income/expenses and profit from associated companies and JVs. Factoring all of this in, profit after tax is US$13.2mil comparing to US$18.4mil in 2009. That’s a drop of 28% y-o-y.

Interested parties may take a look at the 1Q filing here.

Ezra Holdings Limited share price is now trading at $1.76. Aren’t you glad we got rid of it.

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By The Journalist
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