Jason Marine reports loss of $0.3 mil in 1HFY2025 due to higher expenses

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”. 

See also: Jardine Matheson's underlying profit for FY2025 up 11%; declares higher dividend of US$2.35 per share

Shares in Jason Marine closed flat at 11.4 cents on Nov 7.