SINGAPORE (Yosefardi) – Shipping company Marco Polo Marine Ltd, an integrated marine logistic group, booked net profit attributable to shareholders of S$3.3 million in first quarter of 2014 ending 30 September 2013, dropped 27.6% from S$4.5 million in the same period of 2013.
The revenue jumped 98% to S$30.1 million compared to S$15.2 million in first quarter of 2013, mainly contributed by the group’s ship chartering operation, particularly its offshore business.
Revenue from ship chartering operation totaled S$18.3 million and revenue from ship building & repair operation amounted S$11.8 million.
Marco Polo’s shipyard is located in Batam, Indonesia, occupying a total land area of approximately 34 hectares with a seafront of approximately 650 meters.
Marco Polo is controlling shareholder of PT Pelayaran Nasional Bina Buana Raya Tbk.