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Marco Polo Marine reports lower 1HFY2025 earnings of $3.4 mil, chartering revenue to drive growth ahead

The Edge Singapore
The Edge Singapore  • 1 min read
Marco Polo Marine reports lower 1HFY2025 earnings of $3.4 mil, chartering revenue to drive growth ahead
CEO Sean Lee expects growth in chartering revenue in the quarters ahead / Photo: Marco Polo Marine
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Marco Polo Marine has reported earnings of $10.6 million for its 1HFY2025, down 3.4% y-o-y.

If forex and one-off items such as disposal gains were excluded, its adjusted net profit would be $9.6 million down 13.7% y-o-y.

Revenue in the same period was down 14.4% y-o-y to $52.7 million, with lower revenue from its shipyard operations, which was 28% y-o-y lower to $20.7 million.

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