Singapore’s Ezion Holdings has posted stronger earnings in the second quarter, as revenue was lifted by the deployment of more service rigs.

Net profit in the quarter ended 30 June 2014 rose to $45.48m compared to $36.24m in the previous corresponding period.

Revenue increased 37.8% year-on-year to $92.64m, aided by higher chartering contribution from additional units of multi-purpose self-propelled jack-up rig and jack-up rig.

“The management is witnessing increased focus on platform and well related work by the oil majors in Asia Pacific, Middle East and West Africa,” Singapore-listed Ezion commented.

“As a result of these activities, the group will continue to focus on investment in service rigs to meet the strong demand,” it said, adding that it expects more units of its service rigs to be deployed in the second half of this year.