Ezra Holdings issues warning regarding anticipated lossCompany News // January 11, 2016
The Board of Directors of Ezra Holdings Limited says it "considers it appropriate" to issue a profit guidance with respect to the unaudited consolidated financial results of the company for the first quarter ended 30 November 2015 (1Q FY2016 results).
The board is of the view that the 1Q FY2016 results will show a net loss as compared to earnings recorded in the corresponding period of the previous financial year. The expected net loss is mainly attributable to the continuing depressed state of the oil and gas industry which has impacted activities in the global offshore marine and subsea industry.
Details of the company’s financial performance will be disclosed when the company announces its 1Q FY2016 results, which is scheduled for 14 January 2016. In the meantime, shareholders and investors are advised to exercise caution when dealing in the shares of the company.