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ENERGY & OFFSHORE | Staff Reporter, Singapore

Ezra warns of loss in Q1

Blame it on the oil downturn.

Ezra Holdings warned shareholders that it expects to report a net loss in the first quarter of its financial year.

Ezra attributed the expected net loss to the continuing depressed state of the oil and gas industry, which has impacted activities in the global offshore marine and subsea industry.

The company will release its first quarter results on January 14.

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