Friday, February 17, 2017

Ezion - Profit Warning Q4FY2016 & FY2016

Ezion issued the following statement on Fri 17/2/2017:-

"As the market conditions of the global oil and gas industry remains uncertain, the Group has carried out an assessment on the impairments of its assets. While the value of the impairments are yet to be determined, the Group is expected to record a net loss for 4Q2016 and 12M2016 from this exercise. "

The turbulence in the O&G industry remains unabated.

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