Ezion: Currently on trading halt. Results were strong, in-line with expectations 3Q rev at $31.9m -8.1% yoy +21.2% qoq, net profit $12.9m +70.8% yoy +6.0% qoq. Decline in rev was due to deconsolidation of a divested subsidiary and lower contributions from the Marine Services Division which was offset by increased chartering contribution from its 4th liftboat. Gross margins were at 49.7% compared to prev quarter at 54.0%. 3Q EPS at 1.81c. 9M11 on an annualized basis currently trades at approx P/E 6.9x.
DMG maintains Buy with TP$0.75
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