Ezion's profits soared 97.3% to US$40.5m

Revenue also jumped 60% to US$83.7m.

According to OCBC Investment Research, Ezion Holdings reported a 60.0% YoY rise in revenue to US$83.7m and a 97.3% increase in PATMI to US$40.5m in 4Q13.

Here's more:

For FY13, revenue rose 77.7% to US$281.9m, forming 95.4% of our FY13 forecast, while PATMI surged by 103.4% to US$160.4m. If we exclude Ezion’s gain on disposal items, we estimate that core PATMI jumped by 115.0% to US$140.7m.

This met our expectations, coming in 2.1% above our projection. A final dividend of 0.1 S cent/share was declared, similar to the same period last year. We will provide more details after the analyst briefing.

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