Ezra Holdings Limited reported unaudited consolidated earnings results for the second quarter and six months ended February 29, 2016. For the quarter, the company reported revenue of $111.153 million compared to $129.024 million a year ago. Loss from continuing operations were of $213.342 million compared to profit of $17.058 million a year ago. Loss before tax from continuing operations were of $251.830 million compared to profit of $13.147 million a year ago. Loss after tax from continuing operations were of $252.810 million compared to profit of $11.578 million a year ago. Loss attributable to owners of the company was of $249.928 million or 10.38 cents per diluted share compared to profit of $0.138 million or 3.25 cents per diluted share a year ago. Net cash used in operating activities were of $54.487 million compared to net cash generated from operating activities of $58.038 million a year ago. Purchase of fixed assets was of $76.072 million compared to $86.071 million a year ago.

For six months, the company reported revenue of $263.420 million compared to $257.137 million a year ago. The increase was due to an increase in revenue of $75.8 million from Marine Services Division. The increase was partially offset by a decrease in revenue of $59.8 million from Offshore Support and Production Services Division and a decrease of $9.7 million from Energy Services Division. Loss from continuing operations were of $223.767 million compared to profit of $101.975 million a year ago. Loss before tax from continuing operations were of $265.787 million compared to profit of $93.202 million a year ago. Loss after tax from continuing operations were of $269.849 million or 8.12 cents per diluted share compared to profit of $89.213 million or 4.68 cents per diluted share a year ago. Loss attributable to owners of the company was of $305.276 million or 10.38 cents per diluted share compared to profit of $54.552 million or 3.25 cents per diluted share a year ago. Net cash used in operating activities were of $41.978 million compared to net cash generated from operating activities of $27.149 million a year ago. Purchase of fixed assets was of $85.733 million compared to $133.332 million a year ago. Purchase of intangible asset was of $0.076 million. As on February 29, 2016, the company's net asset value per ordinary share was 35.53 cents.

The company announced impairment loss on fixed assets of $60.5 million for the second quarter ended February 29, 2016.