Jaya reports net profit of US$3.8 million for the third quarter ended 31 March 2012
Company News - May 14, 2012
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 group’s 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 Division’s 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 group’s 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
- IMCA issues guidance on DP positioned jack-ups and use of dumb barges
Publications - May 17, 2013 - Ibercisa delivers towing winches for Heerema AHT
Equipment & Technology - May 17, 2013 - Kongsberg obtains rights to commercialize Seaglider technology
Vessel & ROV News - May 17, 2013 - Modus invests in another ROV
Vessel & ROV News - May 17, 2013 - Massive MacGregor crane for Sealion newbuild
Equipment & Technology - May 17, 2013 - Farstad completes bond issue
Company News - May 17, 2013 - Cal Dive wins more business from PEMEX
Contracts, Tenders and Rates - May 17, 2013 - Vard confirms deal with Simon Møkster
Yard News - May 16, 2013 - Bibby Offshore completes hyperbaric evacuation trials on entire DSV fleet
Training - May 16, 2013 - ASCO appoints Derek Smith as group CEO - Billy Allan becomes Executive Chairman
Company News - May 16, 2013 - GMS wins new contracts in Middle East
Contracts, Tenders and Rates - May 16, 2013 - Hallin Marine wind EnQuest IMR job
Contracts, Tenders and Rates - May 16, 2013 - Norway considers drilling in Lofoten Islands
News - May 15, 2013 - PEMEX deal for Subsea 7
Contracts, Tenders and Rates - May 15, 2013 - OSBIT's MaXccess family grows
Equipment & Technology - May 15, 2013
