July 27, 2016 1:39 PM ET

Marine

Company Overview of Jason Marine Group Limited

Company Overview

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

No. 06-05, Pantech Business Hub

Singapore,  128383

Singapore

Founded in 1976

Phone:

65 6477 7700

Fax:

65 6872 1800

Key Executives for Jason Marine Group Limited

Jason Marine Group Limited does not have any Key Executives recorded.

Jason Marine Group Limited Key Developments

Jason Marine Group Limited, Annual General Meeting, Jul 26, 2016

Jason Marine Group Limited, Annual General Meeting, Jul 26, 2016, at 11:30 Singapore Standard Time. Location: 194 Pandan Loop, #05-27 Pantech Business Hub Singapore 128383 Singapore Agenda: To receive and adopt the Audited Financial Statements for the financial year ended 31 March 2016, the Statement of Directors and the Report of the Auditors thereon; to approve the Directors' fees of SGD 172,500 for the financial year ended 31 March 2016; to re-elect Mr. Tan Lian Huat, a Director retiring under Article 98 of the Constitution of the Company; to re-elect Mrs. Eileen Tay-Tan Bee Kiew, a Director retiring under Article 98 of the Constitution of the Company; to re-appoint Mr. Sin Hang Boon as a Director of the Company; to re-appoint Messrs BDO LLP as Auditors of the Company and to authorise the Directors to fix their remuneration; to approve authority to allot and issue shares; to approve authority to allot and issue shares under the Jaason performance share plan; to approve proposed renewal of the share buyback mandate; and to transact any other ordinary business that may be properly transacted at an AGM of the Company.

Jason Marine Group Limited Recommends Nil Final Tax-Exempt Dividend for the Year Ended 31 March 2016

The Directors of Jason Marine Group Limited recommended a final tax-exempt dividend of Nil for the year ended 31 March 2016 against $0.01 per share paid in the year 2015. The final tax-exempt dividend has not been recognised as a liability at the end of the reporting period as it is subject to approval by shareholders at the Annual General Meeting of the company.

Jason Marine Group Limited Announces Unaudited Consolidated Earnings Results for the Year Ended March 31, 2016

Jason Marine Group Limited announced unaudited consolidated earnings results for the year ended March 31, 2016. For the year, the company reported revenue of SGD 37,169,000 against SGD 56,421,000 a year ago. Loss before income tax was SGD 5,960,000 against profit before income tax of SGD 4,361,000 a year ago. Loss for the financial year was SGD 5,984,000 against profit of SGD 3,869,000 a year ago. Loss attributable to owners of the parent was SGD 5,996,000 or 5.70 cents per basic and diluted share against profit attributable to owners of the parent of SGD 3,890,000 or 3.68 cents per basic and diluted share a year ago. Net cash used in operating activities was SGD 6,393,000 against net cash from operating activities of SGD 7,679,000 a year ago. Purchase of plant and equipment was SGD 626,000 against SGD 362,000 a year ago. The group's revenue decreased by approximately SGD 19,200,000 or 34.1%. The sale of goods segment contributed to this decrease.

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