The Singapore-listed company recorded first quarter net profit of S$4.4m ($3.5m), up from S$4m in the same period of last year.
Marco Polo's revenue grew by 26.8% to S$24.6m during the quarter from S$19.4m a year ago.
The company completed and commissioned its third dry dock in January this year, complementing the operations of the other two existing dry docks which were in operation since 2009.
“Having procured a ship outfitting contract worth S$22.5m in January 2012, the total value of new build, ship repair and conversion projects secured by the group to date has been boosted to S$57.5m,” said Sean Lee Yun Feng, chief executive director at Marco Polo.
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