$MarcoPolo Marine(5LY.SI)$ - Gearing Up for an Offshore-Wind Inflection📊 1QFY25 SnapshotRevenue slipped 11 % YoY to S$25.8 million, but tighter cost control lifted gross margin to 41 %, limiting the gross-profit decline to 9 % at S$10.6 million. Ship-chartering utilisation ticked up to 71 %, while the Batam ship-repair yard stayed busy at 83 % utilisation, demonstrating operational resilience even amid softer third-party charter demand.🚢 Offshore-Wind Assets Coming OnlineThe purpose-built MP Wind Archer Commissioning Service Operation Vessel (CSOV) is on track to begin a multi-year charter in Taiwan by 2H FY25, alongside three new Crew Transfer Vessels (CTVs). Management expects these additions to lift group EBITDA materially from FY26 as Asia’s
SGX Stocks Opportunities
Share SGX companies' analysis and opportunities with Tigers!
+ Follow
+208