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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
BNP Paribas beats estimates as lower costs offset trading slump
TikTok ultimatum puts US firms in firing line for China response
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
BHP targets Anglo American in bid valuing miner at US$39 billion
FTSE 100 hits record high on big mining M&A, earnings push
Hermes Q1 sales jump 17% on strong China demand