SINGAPORE (Yosefardi) – Marco Polo Marine Ltd, parent company of PT Pelayaran Nasional Bina Buana Raya Tbk, booked revenue of S$40.09 million in fiscal year 2013 ended September 30, 2013 from Indonesia operation, representing 42.8% of total revenue of S$93.54 million.
While Singapore operation contributed revenue of S$38.4 million, or 41% of total revenue. Australia operation contributed revenue of S$3.34 million, Thailand S$6.487 million, and other Asian countries contributed S$5.2 million.
The increase in revenue was attributed mainly to the Group’s Ship Chartering Operations.
The Group operates mainly in Singapore and Indonesia. Singapore and Indonesia (and to a lesser extent other regional countries in South East Asia) are the major markets for the Group’s ship chartering activities. The Group undertakes its ship building and repairs activities in Indonesia.