Jason Marine posts $1.1m H1 profit

CATALIST-listed Jason Marine Group has remained profitable for a second consecutive half-year since posting a loss for the first-half of the 2013 financial year ended September 2012.

The marine electronics systems integrator group reported a net profit attributable to equity-holders of $1.1 million for the first six months ended Sept 30, 2013 (FY2014), compared with a loss of $1.9 million for the corresponding six months in the last financial year.

The continued turnaround in performance was achieved despite challenging operating conditions, driven by an increase in revenue, which grew 57 per cent to $22.6 million, from $14.4 million a year earlier.