Ezion Holdings Limited (“Ezion” and together with its subsidiaries the “Group”), a leading Singapore headquartered, Liftboat developer, owner and operator as well as offshore logistics support service provider, reported its 28th consecutive quarters of growth in 1st quarter 2014 with the 61.6% year on year increased in net profit to US$45.2 million (excluding disposal gain in 1st quarter 2013). Gross profits also rose 92.2% to US$47.3 million over the same period. The increased in revenue was mainly due to the chartering contribution from the deployment of an additional units of the Group’s Service Rigs. The Group also acquired the remaining share capital of a jointly controlled entity in 1st quarter 2014 which subsequently became a fully owned subsidiary of the Group.