Jason Marine Group Limited, an investment holding company, provides integrated solutions of communication, navigation, and automation systems for the marine and offshore oil and gas industries in Singapore and internationally. The company operates in three segments: Sale of Goods, Rendering of Services, and Airtime Revenue. It offers solutions for monitoring and controlling the ship’s mechanical and electronics systems, as well as small stand-alone alarm and integrated control systems. The company provides VSAT antennas; Fleetbroadband, a maritime network; BGAN, which enables the customer to access e-mail, corporate networks, and the Internet; Inmarsat IsatPhonePro products; iridium services...
194 Pandan Loop
Pantech Business Hub
Founded in 1976
Jason Marine Group Limited Announces Interim Dividend for the Financial Year Ending March 31, 2016 Payable December 07, 2015
Nov 9 15
Jason Marine Group Limited announced that the share transfer books and register of members of the company will be closed on 25 November 2015, for the purpose of determining shareholders' entitlements to the interim one-tier tax exempt dividend of 0.5 Singapore cent per ordinary share in respect of the financial year ending 31 March 2016. Payment of the interim dividend will be made on December 07, 2015.
Jason Marine Group Limited Announces Unaudited Consolidated and Company Earnings Results for the Six Months Ended September 30, 2015
Nov 9 15
Jason Marine Group Limited announced unaudited consolidated and company earnings results for the six months ended September 30, 2015. For the period, on consolidated basis, the company reported revenue of SGD 17,223,000 against SGD 30,508,000 a year ago The main reason to this decrease came from the sale of goods segment, which recorded a year-on-year decrease of approximately SGD 13.3 million due mainly to lower project sales in the oil & gas segment and fewer deliveries executed due to overall industry slowdown. The rendering of services segment recorded a year-on-year decrease of approximately SGD 0.9 million on lesser services work rendered in half year 2016 due to new entrants and competitive pricing in the market. This was partially offset by an increase in airtime revenue segment of approximately SGD 0.9 million. Loss before income tax was SGD 2,469,000 against profit of SGD 2,424,000 a year ago. Loss attributable to owner of the parent was SGD 2,490,000 against profit of SGD 2,019,000 a year ago. Total comprehensive loss attributable to owners of the parent was SGD 2,509,000 against income of SGD 1,969,000 a year ago. Total comprehensive income for the financial period, net of tax was SGD 2,503,000 against profit of SGD 2,039,000 a year ago. Net cash used in operating activities was SGD 2,104,000 against cash generated from operating activities of SGD 7,159,000 a year ago. Purchase of plant and equipment was SGD 275,000 against SGD 303,000 a year ago. Basic and diluted loss per share was SGD 2.37 against SGD 1.91 basic and diluted earnings per share a year ago. NAV per share was at 24.60 cents against 27.96 cents per share a year ago. For the period, on company basis, NAV per share was at 20.3 cents against 18.48 cents per share a year ago.
Jason Marine Group Limited Provides Unaudited Earnings Guidance for the Six Months Ended September 30, 2015; Announces Sales Results for the Half Year of Fiscal 2016
Oct 5 15
Jason Marine Group Limited provided unaudited earnings guidance for the six months ended September 30, 2015. For the period, the group expects to record a net loss.
For the half year of fiscal 2016, the group has recorded lower sales performance against the backdrop of weak industry demand and intense price competition.