Ezra Holdings drives record revenue of US$1.5 billion, powered by Subsea Services division’s sustained operational profitability.
•Subsea Services division, EMAS AMC, continues to improve economies of scale with five recurring quarters of operating profitability
• Revenue from EMAS AMC grew 32% to US$1.0 billion in FY14, contributing 70% of the Group’s revenue
• Subsea orders won worth almost US$1.0 billion in total from the start of FY14 till date, in line with the Group’s strategy to build a healthy backlog
• Successful listing of EMAS Offshore Limited in Singapore creates a platform to tap both the Asia Pacific and European markets
Ezra holdings has also announced contracts wins of over US$70 million, bringing total secured orders from the start of FY14 till date to almost US$1.0 billion, despite current slowing market sentiments.