Marco Polo

Marco Polo: 2QFY14 net profit slumped 68% to $3m, while revenue increased 52% to $32.5m, thanks to increased demand in the Ship Building and Repair Operations segment of the Group. Gross margins fell 15ppt to 27% due to an absence of one-off redelivery fee gained in 2QFY13. Bottomline was also weighed by reduced contributions from a 79.6% decrease in contributions by JVs and associates.