Marco Polo Marine is expecting to report a “significantly higher” net profit after tax (NPAT) for the FY2025 ended Sept 30.
The increase is mainly due to the reversal of impairment losses on certain losses and the disposal of the group’s shareholding interest in its joint venture company, Marco Polo Offshore (IV).
These are extraordinary gains that are not part of the group's normal business operations, says Marco Polo Marine in its Nov 24 announcement.
The group will announce its results on or before Nov 29.
Shares in Marco Polo Marine closed 0.3 cents lower or 2.7% down at 10.8 cents on Nov 21.
