Stock Investment : Ezion to ride recovery in oil & gas sector

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An oil value bounce back and the resumption of administration apparatuses that are at present under repair or overhaul are required to lead the path for a profit recuperation for Ezion Holdings in 2017.

Likewise, Ezion’s late wander into seaward windfarm could be a medium-term development motor, as indicated by DBS Group Research.

Ezion in 3Q saw profit fall 69.1% to US$9.4 million ($13.2 million) on lower income. Profit was about 33% of the US$30.4 million reported in a similar quarter a year back.

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