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Jason Marine posts higher profit for FY15

JASON Marine Group turned in a near 40 per cent jump in net profit year on year to S$3.89 million for the financial year ended March 31, 2015.

Revenue rose 12.4 per cent to S$56.42 million due to higher revenue from its sale of goods segment, while earnings per share came to 3.67 Singapore cents, up from 2.62 Singapore cents previously.

The group said: "The market environment remains challenging as exploration companies have reduced their capital expenditure in view of lower oil prices. This will likely soften demand for our products and services. In addition, the market is very competitive, putting pressure on our margins. As such, we are cautious over the industry outlook."

It added that it will work on strengthening its existing businesses as well as source for new business opportunities while managing costs.

A final dividend of one Singapore cent per share has been declared.