Singapore’s Ezra Holdings Limited, an integrated offshore support provider, has issued a profit warning with respect to the unaudited consolidated financial results for the first quarter of the 2016 fiscal year ended 30 November 2015.

“The Board is of the view that the 1Q FY2016 results will show a net loss as compared to earnings recorded in the corresponding period of the previous financial year.

“The expected net loss is mainly attributable to the continuing depressed state of the oil and gas industry which has impacted activities in the global offshore marine and subsea industry,” the company said.

Details of the company’s financial performance will be disclosed on 14 January 2016. In the meantime, the company told its shareholders and investors to exercise caution when dealing in the company’s shares.