Stock Earnings: Jaya Holding reported 48% increase in q3 net profit!

Jaya Holdings Ltd may gain after reporting that its third quarter to March net profit rose 48 pct year-on-year to 29.39 mln sgd on the back of strong demand for anchor handling and tug supply vessel in the oil and gas industry. "We believe the demand for the kind of offshore support vessels which we are building for sale and also our own chartering operations will remain firm, " Jaya group managing director YM Pang said. "Currently, we have over 30 vessels under construction which will be completed over the next 24 months. These new buildings should provide the group with a steady stream of future earnings," he added.