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Marco Polo Marine Ltd. ( (SG:5LY) ) has provided an announcement.
Marco Polo Marine Ltd. has successfully deployed its first Commissioning Service Operation Vessel (CSOV), which is expected to drive growth in the second half of FY2025 and beyond. Despite a decline in revenue due to lower shipyard operations and rechartering income, the company maintained stable ship repair earnings and improved its gross profit margin to 44%, signaling positive momentum for future operations.
The most recent analyst rating on (SG:5LY) stock is a Buy with a S$0.06 price target. To see the full list of analyst forecasts on Marco Polo Marine Ltd. stock, see the SG:5LY Stock Forecast page.
More about Marco Polo Marine Ltd.
Marco Polo Marine Ltd. is a regional integrated marine logistics company based in Singapore. The company is involved in shipyard operations and marine logistics services, with a focus on the Asian market.
Average Trading Volume: 13,350,246
Technical Sentiment Signal: Buy
Current Market Cap: S$243.7M
For an in-depth examination of 5LY stock, go to TipRanks’ Overview page.