Net profit in the first half ended 31 March 2012 stood at S$8.6m ($6.9m), down 9% from S$9.4m in the same period of last year.
Revenue at the Singapore-listed company increased 33.9% year-on-year to S$55.6m from S$41.5m a year earlier.
Sean Lee, ceo of Marco Polo, said the shipyard operations are expected to continue to drive the overall revenue. While newbuild orders have moderated, there has been an increase in enquiries for ship repair, outfitting and conversion services, he said.
“With regard to the ship chartering business, we expect the offshore business to continue to spearhead the growth of the group's overall shipping revenue,” Lee said.
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