Ezion's net profit jumped 28.8% to $36.2m

More assets to be deployed.

According to OCBC Investment Research, Ezion Holdings (Ezion) reported a 80.9% YoY rise in revenue to S$67.2m and a 28.8% increase in net profit to S$36.2m in 2Q13, such that 1H13 net profit accounted for 55% of its (OCBC's)  full year estimates.

Here's more:

Excluding a one-off disposal gain in 1Q13, core 1H13 net profit represented 49% of our full year estimates, in line with expectations. Gross profit margin remained strong at 46.3% in 2Q13 vs 45.9% in 2Q12 and 44.9% in 1Q13.

Looking ahead, more assets are expected to be deployed, and there should be more contributions from the commencement of the APLNG and GLNG projects this year. Meanwhile, Ezion is proposing a bonus share issue of one bonus share for every five existing ordinary shares.