Ezion’s net profit jumped 106.6% to $113.4m in Q4

On back of a $47.3m disposal gain.

Ezion’s net profit surged 106.6% to $113.4m (US$83.7m) in the fourth quarter, boosted by a $47.2m (US$34.9m) gain from the disposal of its subsidiaries.

The group's revenue for Q4 increased by 24.9% year-on-year to $141.7m (US$104.6m), due mainly to the chartering contribution from the deployment of additional units of its service rigs.

The group’s gross profit grew 47.1% to $85.1m (US$62.8m) in FY14.

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