Marco Polo Marine’s net profit slips by 7.4% YoY in 2024

The company attributed this to a 2.8% YoY decline in revenue.

Marco Polo Marine’s net profit declined by 7.4% year-on-year (YoY) to $23.9m during the financial year 2024 (FY2024).

The company attributed this to a 2.8% YoY decline in revenue to $123.5m during the period.

Revenue from its shipyard segment declined the most by 15.7% to $51.6m in FY2024, due to lower ship repair volume recognised because of the group’s ongoing Commissioning Service Operation Vessel construction.

The company’s declared final dividend stood at $0.1 per share, backed by net cash position.

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