Marco Polo Marine's Gross Profit Declines 9% in Fiscal Q1

MT Newswires

2025/02/19

Marco Polo Marine's (SGX:5LY) gross profit for the fiscal quarter ended Dec. 31, 2024 declined by 9% to SG$10.6 million from SG$11.6 million a year earlier, according to a filing with the Singapore Exchange on Wednesday.

Revenue was down 11% year over year to SG$25.8 million from SG$29.1 million, as both ship chartering and shipyard segments reported lower revenue.

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