In International Shipping News 23/02/2015
Following Mermaid Marine Australia’s purchase of 100% of the subsidiaries of Jaya Holdings Ltd in June 2014, the company has united the two businesses under a single global brand; “MMA Offshore”.
The consolidation of the brands represents a significant milestone in the integration of the Jaya and Mermaid businesses.
Between them, Mermaid Marine and Jaya have almost 70 years’ experience in the offshore marine services industry, a fleet of over 60 modern offshore vessels and four strategically located onshore facilities in South East Asia and Australia. MMA Offshore combines this experience and world class assets to service clients across a targeted geographical footprint.
The company has also opened a new corporate office in the Singapore CBD to be closer to our clients and ensure we continue to attract and retain the best possible people.
Commenting on the re-brand, Managing Director Jeff Weber said;
“The combination of the Mermaid Marine and Jaya businesses under a single global brand represents the evolution of the company as we expand into new geographies and diversify our service offering. MMA Offshore provides innovative marine solutions to the offshore industry with a commitment to creating long term collaborative relationships with our customers.”
MMA Offshore, today released its half yearly results, reporting an 80% increase revenue to A$456.3 million and a 71.2% increase in pre-tax profit to A$55.3 million, as compared to the previous corresponding period. The first half results include the full impact of the Jaya business and are in line with expectations. The company declared an interim dividend of 4.0 cents per share.
2015 Half Year Results Investor Presentation 2015 Half Year Financial Report
Source: MMA Offshore
