Jaya reports net profit of US$3.8 million for the third quarter ended 31 March 2012

Company News - May 14, 2012

| More

Jaya Holdings Limited and its subsidiaries reported consolidated revenue of US$16.2 million and net profit of US$3.8 million for the financial quarter ended 31 March 2012.

The groupís total revenue for the third quarter was US$16.2 million, 17 per cent
higher than the previous corresponding quarter. The increased revenue was mainly
contributed by the Offshore Shipping Division. The Shipbuilding Division recorded no
revenue for the quarter under review and the previous corresponding quarter.

The Offshore Shipping Divisionís revenue was higher primarily due to higher charter
utilisation of 66 per cent for the quarter under review compared to 59 per cent in the previous quarter and a larger fleet of 29 vessels compared to 23 vessels in the
previous year.

The groupís net profit for the quarter under review amounted to US$3.8 million, an 89 per cent decrease from US$34.3 million in the previous corresponding quarter.

 

More articles from this category

More news

Categories

Product Guide

News Letter

Fill in your name, company and e-mail address below for our bi-weekly newsletter.

Subscribe
Unsubscribe

Clarksons

Powered by MARIS.

Subscribe to Offshore Shipping News Online RSS

Follow Offshore Shipping News Online on Twitter

Subscribe to email updates

Sponsors

sponsorsponsorsponsor

Events

Myanmar Offshore Congress 2014
25-26 September 2014
Myanmar, Yangon.

Offshore Marine Crewing
01-02 October 2014
Norway, Oslo.

FPSO Training Course Amsterdam
06-08 October 2014
Netherlands, Amsterdam.

Kuwait Oil and Gas Show and Confernce
12-15 October 2014
Kuwait, Kuwait.

Myanmar- Oil and Gas 2014
15-17 October 2014
Myanmar, Yangon.

More events