Jaya to expand yards on buoyant offshore demand

By Marissa Chew in Singapore - Thursday 8 May 2008

Jaya Holdings: Net profit for the January-March quarter rose 9% to S$39.1m

OFFSHORE shipping and shipbuilding group Jaya Holdings plans to expand its shipyards in Indonesia and China to ride on what it sees as continued strong demand in the offshore shipping sector.

The group, which said net profit for the January-March quarter rose 9% to S$39.1m ($28.4m), intends to expand its Batam shipyard over the next two years t...

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