Net income was $22.1m versus the $33m seen a year ago. Revenue increasedfrom $247.1m in the second quarter of 2013 to $300.4m.
EMAS Marine, Ezra’s offshoresupport services division, was the chief culprit for the deterioration in thefinancial performance.
The divisionexperienced higher operating costs, while its anchor handling segmentexperienced weaker utilisation during the quarter.
However,things are expected to improve as Ezra confirmed that it has installed a new seniormanagement team at EMAS Marine.
