This came as second quarter revenues slipped 7% to US$83.7 million, which Ezion blamed on modifications and routine class surveys to a number of service rigs.
Despite revenues dropping, the cost of sales and servicing increased 12.4% to US$65.9 million which the company said was due to the deployment of additional service rigs.
Ezion did however book US$15.3 million in “other income” in the recent quarter due to a gain arising from the completion of the sale of an asset held for sale.
This
