pspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:#000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"Its revenue grew 10%, thanks to its ship chartering operations.
Marco Polo Marine reported a 30% year-on-year increase in adjusted net profit in the first half of financial year 2024 to reach $11.1m due to the strong performance of its ship chartering segment.
Its Shipyard segment declined by 8.6% to $28.7m due to the lower ship repair volume, partially offset by higher shipbuilding-related activities.“Our first-half results of 2024 reflect the fruits of our focused strategy as we continue to operate in a volatile offshore oil market,” said Sean Lee, CEO of Marco Polo Marine.
The group expects to see robust demand for OSVs to support the utilization and charter rates of its vessels amidst a still-tight supply landscape. Wiseasy's WiseQ Mobile Payment Solution is shaping the future of the QR payments landscape for businesses, designed to prevent fraud and inefficiency, and ultimately, to serve an even bigger purpose.Wiseasy Technology earns a win in the Payments category at the SBR National Business Awards 2024
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