Jason Marine warns of record loss
Singapore-listed Jason Marine Group has warned investors of an expected record net loss for the six months ended 30 September 2012 due mainly to weak sales performance, Seatrade Asia online reports.
Jason Marine said the overall operating conditions remain “difficult against a backdrop of weak demand, intense price competition and rising costs.”
“Based on its assessment of current market conditions and its orders book, the company expects the group's revenue for the second half of the financial year to remain weak,” it added.
Jason Marine offers solutions for marine communication, navigation and automation systems.