Marco Polo Marine's Attributable Profit Declines 42% in Fiscal H2

MT Newswires

2024/11/29

Marco Polo Marine's (SGX:5LY) profit attributable to equity holders declined by 42% in fiscal H2 to SG$10.7 million from SG$18.3 million a year earlier.

Earnings per share dropped to SG$0.0028 from SG$0.0050 in the year-ago period, according to a filing with the Singapore Exchange on Thursday.

Revenue fell 13% year over year to SG$62.0 million from SG$71.2 million due to a decrease in revenue from ship chartering operations.

Shares of the marine transportation company were down nearly 2% in recent trading.

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