Cost of sales and servicing decreased 2.6% to US$59.8 million.
Other income fell 98.4% to US$215,000 mainly due to the absence of gain on disposal of asset held for sale in 1Q16.
Share of results of associates and joint ventures fell 55.8% to US$3.6 million.
Looking ahead, Ezion says fossil fuel prices have again shown weaknesses in the recent weeks. In addition, despite clients’ new requirement for the group’s asset and services, the rates remain depressed.
Shares of Ezion closed at 31 cents.
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