During the quarter, the Group also observed a growth in market share due to an increase in demand. 3QFY2022 and 9MFY2022 Gross profit also increased 185.3% and 111.9% y-o-y to S$9.7 million and S$17.8 million respectively.ģQFY2022 shipyard revenue rise YoY as a result of higher ship repair activities, stronger demand from end customers and an increase in capacity following the completion of extension works on Dry Dock 1 in 2QFY2022. Revenue increased more than 130% and 70% respectively for 3QFY2022 and 9MFY2022. Both its shipyard and ship chartering segments experienced tremendous growth and recorded a stronger revenue and gross profit. The Group is pleased to announce that it recorded an improvement in operational performance YoY for 3QFY2022. (SGX:5LY) ( “ Marco Polo Marine ” or the “ Company ”, and together with its subsidiaries, “ the Group ”), a reputable regional integrated marine logistics company, wishes to update the shareholders in this voluntary operational update for the financial quarter ended 30 June 2022 (“ 3QFY2022 ”). SINGAPORE – Media OutReach – 18 August 2022 – Marco Polo Marine Ltd. Shipyard revenue grew YoY as the capacity for ship repair activities increased following the completion of extension works on Dry Dock 1 at the end of 2QFY2022.Ship chartering segment saw a significant increase in average charter rates and a YoY increase in average utilisation rates for vessels.3QFY2022 revenue increased more than 130% y-o-y Gross Profit rose nearly 3x y-o-y to S$9.7 million.
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