Profit for the period ended 31 March 2013 rose 4% year-on-year to $4.04m.
Third quarter revenue reached $24.76m, up 53% compared to the same period of last year, due mainly to contributions by the offshore support services division.
The company noted challenges ahead such as the cabotage rules implemented in Indonesia and the same laws being tightened in Malaysia, making it more difficult for Jaya to operate its vessels in those markets.
Venkatraman Sheshashayee, ceo of Jaya, said the company will move up the value ladder in shipbuilding and strengthen its internal efficiencies to deal with the changes in business environment.
“We are prepared for the various challenges that lie ahead of us in the very competitive and dynamic offshore market,” he said.
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