Ezion issues warning of 4Q loss on impairments, so what’s next?

SINGAPORE (Feb 20): Ezion Holdings announced last Friday evening that it expects to record a net loss for 4Q16 and FY16, as there will be impairments on its assets.

In a morning note, OCBC said it was not surprised by the announcement as it has already forecast a US$15 million ($21.3 million) net loss for FY16, compared to US$33 million of net profit in 9M16.

UOB expected the bulk of impairments to come from Ezion’s wholly owned assets.

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