Marco Polo Marine’s Profits and Revenue Climb

Marco Polo Marine Ltd. (SG:5LY) has released an update.

Marco Polo Marine Ltd. reported a robust financial performance for the first half of FY2024, with a 30.6% surge in adjusted net profit and a 10% increase in revenue, largely attributed to its Ship Chartering segment’s higher charter rates. The company’s EBITDA also rose by 21.3%, and it maintains a healthy balance sheet with a net cash position of S$48.1 million.

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