jasper investments ltd (JASP) Snapshot

Jasper Investments Limited announced the appointment of Paul Carsten Pedersen as Executive Director on May 30, 2013. Paul Carsten Pedersen was appointed Chief Executive Officer of the company in January 2013. As CEO and Executive Director, he will oversee the day-to-day running of the Jasper Investments group of companies. Paul Carsten Pedersen worked as Head of Commercial in the Offshore Business Unit, Fincantieri Group SpA in 2012. Mr. Pedersen is also the CEO of Rubicon Offshore International.

Jasper Investments Limited announced unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company’s loss before taxation was $32,685,000 compared to $62,386,000 for the same period a year ago. Loss attributable to equity holders of the company was $32,337,000 or 0.775 cents per basic and diluted share compared to $55,151,000 or 1.364 cents per basic and diluted share for the same period a year ago. Net cash used in operating activities was $17,504,000 compared to net cash generated from operating activities of $7,909,000 for the same period a year ago. Acquisition of plant and equipment was $2,254,000 compared to $38,000 for the same period a year ago. Revenue was $377,000 against $12,572,000 a year ago. The group revenue arising from mobilization fee received from the Jasper Explorer. For the year, the company’s loss before taxation was $46,161,000 compared to $97,171,000 for the same period a year ago. Loss attributable to equity holders of the company was $44,398,000 or 1.064 cents per basic and diluted share compared to $89,268,000 or 2.208 cents per basic and diluted share for the same period a year ago. Net cash used in operating activities was $63,428,000 compared to $10,394,000 for the same period a year ago. Acquisition of plant and equipment was $4,311,000 compared to $331,000 for the same period a year ago. Revenue was $377,000 against $26,163,000 a year ago. Net assets value per share was 7.79 cents against 8.92 cents a year ago. The revenue was attributed to pro-rated mobilization fee received from CNOOC for the Jasper Explorer.

Jasper Investments Limited announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company’s profit before taxation was $6,547,000 compared to loss before taxations of $7,316,000 for the same period a year ago. Profit attributable to equity holders of the company was $7,019,000 or 0.169 cents per basic and diluted share compared to loss attributable to equity holders of the company of $7,170,000 or 0.179 cents per basic and diluted share for the same period a year ago. Net cash used in operating activities was $25,659,000 compared to $1,166,000 for the same period a year ago. Acquisition of plant and equipment was $653,000 compared to $177,000 for the same period a year ago. For the nine months, the company’s loss before taxation was $11,522,000 compared to loss before taxations of $33,199,000 for the same period a year ago. Loss attributable to equity holders of the company was $10,144,000 or 0.244 cents per basic and diluted share compared to $32,561,000 or 0.811 cents per basic and diluted share for the same period a year ago. Net cash used in operating activities was $47,548,000 compared to $22,335,000 for the same period a year ago. Acquisition of plant and equipment was $2,057,000 compared to $293,000 for the same period a year ago.