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Marco Polo Marine sees y-o-y growth in revenue and gross profit in 1QFY2021; 'cautiously optimistic' of prospects

Amala Balakrishner
Amala Balakrishner • 2 min read
Marco Polo Marine sees y-o-y growth in revenue and gross profit in 1QFY2021; 'cautiously optimistic' of prospects
Integrated marine logistics company Marco Polo Marine has recorded a y-o-y improvement in its 1QFY2022 ended Dec 31 2021.
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Integrated marine logistics company Marco Polo Marine has recorded a y-o-y improvement in its 1QFY2021 ended Dec 31 2021.

This follows y-o-y growth in its revenue and gross profit that were driven by both its shipyard and ship chartering segments, the group announced in a voluntary business update on Feb 21.

Shipyard operations grew on the back of higher ship repair and ship building activities.

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