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Marco Polo Marine Ltd. ( (SG:5LY) ) has issued an announcement.
Marco Polo Marine Ltd. has reported a decrease in revenue and gross profit for the first quarter of FY2025, but improved its gross profit margin slightly. The introduction of the new Commissioning Service Operation Vessel, Drydock 4, and three Crew Transfer Vessels in Taiwan’s renewable wind energy sector is expected to start contributing positively to the company’s performance from the second half of FY2025, potentially enhancing its market position in the industry.
More about Marco Polo Marine Ltd.
Marco Polo Marine Ltd. is a regional integrated marine logistics company known for its services in ship chartering and shipyard operations. The company is involved in the renewable wind energy sector by expanding its fleet with new vessels.
YTD Price Performance: 12.00%
Average Trading Volume: 11,371,421
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: S$210M
For an in-depth examination of 5LY stock, go to TipRanks’ Stock Analysis page.