The dual-listed company logged a $3.75m profit compared to last year’s $6m.
Quarterly revenue stood at $13.5m, a 10% increase from the corresponding period attributed to a higher charter rate from its accommodation barge Lewek Conqueror.
The fourth quarter’s balance sheet included $1.8m in fees for its secondary listing on the Singapore stock exchange.
As at the end of August, EMAS Offshore’s bank loans were $166.8m, lower than $239 the year prior.
The company decreased its net interest bearing debt to $113.5m, down from $178.7m.
Formerly known as EOC Ltd, the company completed earlier in October its business combination with Ezra’s division EMAS Marine and picked up 44 offshore vessels in a $520m stock transaction.
