Jason Marine Group has reported a loss of $0.3 million for 1HFY2025 ended September, down from earnings of $26,000 in the same period last year.
Loss per share for the period stood at 0.31 cents, down from an earning per share of 0.02 cents in 1HFY2024.
This came on the back of higher administrative expenses and other expenses, which increased by $2.3 million and $0.5 million, respectively.
For 1HFY2025, the group’s total revenue increased by 26% y-o-y to $20.4 million, due to all three business segments of the group recording a higher revenue, with an increase from sales of goods and rendering of services segment of $3.9 million and $0.1 million, respectively. The group’s airtime segment saw an increase of $0.2 million.
Similarly, gross profit rose by 23.5% y-o-y to $5.8 million, while gross profit margin stood at 28.5% in 1HFY2025, down from 29.1% in the same period last year.
Moving forward, the group says it will “carefully manage its risks and operational costs in response to the volatile and uncertain market environment”.
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Shares in Jason Marine closed flat at 11.4 cents on Nov 7.
