Jason Marine profit up as operations revamp pays off

It proposes final dividend of 0.2¢ and special dividend of 0.8¢ per share

Published Tue, May 27, 2014 · 10:00 PM
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MARINE electronics systems integrator Jason Marine Group's realignment of its operations has paid off as it ended its financial full year with a surge in revenue and earnings.

Its share price soared 7.2 cents, or 40 per cent, yesterday - fuelled probably by the better results and accompanying higher proposed dividend - to end trading at 25 cents.

For the 12 months ended March 31 (FY2014), the group posted net profit of $2.8 million, more than five times the $517,000 in the preceding year. Earnings per share came to 2.62 cents, against 0.49 cent previously. Jason Marine proposed a total dividend of one cent per share for FY2014, comprising a first and final dividend of 0.2 cent (unchanged from FY2013) and a special dividend of 0.8 cent per share.

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