March 24, 2018 6:38 AM ET


Company Overview of Jason Marine Group Limited

Company Overview

Jason Marine Group Limited, an investment holding company, provides marine electronics systems integration and support services for the marine and offshore oil and gas industries in Singapore and internationally. The company operates in Sale of Goods, Rendering of Services, and Airtime Revenue segments. It provides ship health management systems; 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; and global maritime distress and safety systems. The company also offers PAGA, a marine small public address system; PABX that allows a single access number to o...

194 Pandan Loop

No. 06-05, Pantech Business Hub

Singapore,  128383


Founded in 1976

111 Employees


65 6477 7700


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 Announces Management Changes

The board of directors of Jason Marine Group Limited announced that Mr. Ronald Tan Lian Huat will be retiring as Chief Executive Officer after serving the Group for more than 35 years. Mr. Ronald Tan will step down as a director of the company and will also cease to be a director of the company's various subsidiaries and associated companies. His last day of service will be on 31 March 2018. After Mr. Ronald Tan's retirement, Mr. Foo Chew Tuck who currently holds the appointment of Executive Chairman will assume the role of CEO with effect from 1 April 2018.

Jason Marine Group Limited Announces Unaudited Consolidated Earnings Results for the Half Year Ended September 30, 2017

Jason Marine Group Limited announced unaudited consolidated earnings results for the half year ended September 30, 2017. For the period, the company reported revenue of SGD 13,583,000 against SGD 17,880,000 a year ago. Loss before income tax was SGD 1,684,000 against SGD 2,206,000 a year ago. Loss for the financial period was SGD 1,697,000 against SGD 2,203,000 a year ago. Loss attributable to owners of parent was SGD 1,702,000 against SGD 2,204,000 a year ago. Net cash used in operating activities was SGD 3,953,000 against net cash provided by operating activities of SGD 6,167,000 a year ago. Purchase of plant and equipment was SGD 101,000 against SGD 271,000 a year ago. Basic and diluted LPS was 1.62 cents against 2.10 cents a year ago. NAV per share was 26.92 cents. The net cash used in investing activities in was due mainly to purchase of plant and equipment of approximately SGD 0.1 million. The lower net loss came largely from improved operational efficiency, prudent cost management and reduced wages which enabled the Group to cut distribution costs and general and administrative expenses by approximately SGD 1.0 million. These cost savings are the result of the company's ongoing efforts to rationalize its cost structure and raise operating effectiveness.

Jason Marine Group Limited, Annual General Meeting, Jul 26, 2017

Jason Marine Group Limited, Annual General Meeting, Jul 26, 2017, at 11:00 Singapore Standard Time. Location: at 194 Pandan Loop, #05-27 Pantech Business Hub Singapore Singapore Agenda: To receive and adopt the audited financial statements of the company for the financial year ended 31 March 2017, 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 2017; to re-elect Mr. Foo Chew Tuck, a Director retiring under Article 98 of the Constitution of the company; to re-elect Mr. Wong Hin Sun, Eugene, a Director retiring under Article 98 of the constitution of the company; to re-appoint Messrs. BDO LLP as auditors of the company and to authorise the Directors to fix their remuneration; to consider the authority to allot and issue shares under the Jason performance share plan; to propose renewal of the share buyback mandate; and to consider the other matters.

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