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Jasper Investments ( (SG:FQ7) ) has provided an announcement.
Salt Investments Limited recorded its first revenue in six years following the acquisition of stakes in Prosper Excel Engineering and TT Oil. Despite a loss after tax, the company is actively seeking further acquisitions to expand its operations. The company’s competitive advantage lies in its operational expertise, extensive business networks, and established customer relationships, which differentiate it in the fragmented marine services market. Management is prioritizing securing new contracts and enhancing operational efficiency for Prosper Excel to achieve profitability, with early progress noted in FY2026.
More about Jasper Investments
Salt Investments Limited operates in the marine and offshore sector, focusing on maritime digitalisation, payments, and finance. The company aims to drive revenue growth through strategic partnerships and acquisitions, with a focus on earnings-accretive businesses that complement its existing operations.
Current Market Cap: S$63.42M
For a thorough assessment of FQ7 stock, go to TipRanks’ Stock Analysis page.