With these non-recurring items are stripped out, Marco Polo’s earnings would be $1.2 million, versus a loss of $0.3 million in the year earlier period.
Marco Polo Marine has reported earnings of $10.8 million for 1HFY2022 ended March, up 82% y-o-y.
While revenue and margins were both up, the company’s bottomline was lifted by one-off items specifically a revaluation gain of $5.2 million of its equity interest in its Indonesia-based unit PT BBR.
