Ezra Holdings Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended August 31, 2015; Announces Fixed Assets Written Off for the Fourth Quarter of Fiscal 2015
For the year, the company reported revenue of USD 543,839,000 against USD 489,942,000 a year ago. Profit from continuing operations was USD 131,968,000 against USD 33,916,000 a year ago. Profit before tax from continuing operations was USD 119,412,000 against USD 35,412,000 a year ago. Profit after tax from continuing operations was USD 107,316,000 or 4.40 cents per diluted share against USD 27,698,000 or 1.13 cents per diluted share a year ago. Profit attributable to the owners of the company was USD 43,731,000 or 2.29 cents per diluted share against USD 45,269,000 or 2.70 cents per diluted share a year ago. Net cash generated from operating activities was USD 142,524,000 against USD 100,022,000 a year ago. Purchase of fixed assets was USD 319,960,000 against USD 326,963,000 a year ago. The Group's revenue increased by 11% for the financial year ended August 31, 2015 when compared to the corresponding period for the financial year ended August 31, 2014. The increase was due to an increase in revenue of USD 17.5 million from Energy Services Division and USD 94.7 million from Marine Services Division. The increase was partially offset by a decrease in revenue of USD 58.3 million from Offshore Support and Production Services Division. Profit before tax from continuing operations increased mainly due to higher other income, net and higher share of profit of joint venture companies which was partially offset by higher administrative expenses and lower share of profit from associated companies. EBITDA from continuing operations was USD 232.3 million against USD 127.7 million a year ago. Adjusted EBITDA from continuing operations was USD 145.5 million against USD 114.5 million a year ago. Adjusted PAT from continuing operations was USD 20.4 million against USD 14.4 million a year ago. Purchase of intangible asset was USD 549,000 compared with USD 433,000 a year ago. As on August 31, 2015, the company's net asset value per ordinary share was 46.46 cents.
The company announced fixed assets written off of USD 46,000 for the fourth quarter ended August 31, 2015.