MarcoPolo Marine reports positive profit forecast, with significant growth expected in after-tax net profit for the fiscal year 2025 | Lianhe Zaobao
MarcoPolo Marine expects a significant increase in net profit after tax for the fiscal year 2025, mainly due to the reversal of ship impairment losses and gains from the sale of joint venture equity. However, these gains are considered non-recurring and not derived from normal business operations. The company will announce its unaudited financial performance report before November 29
Marco Polo Marine announced its earnings report before the market opened on Monday (November 24). After preliminary review, it is expected that the after-tax net profit for the fiscal year 2025, ending in September, will significantly increase year-on-year.
The announcement stated that this is mainly due to the reversal of impairment losses on certain vessels and the gains from the sale of equity in the joint venture Marco Polo Offshore. However, Marco Polo Marine also reminded investors that the aforementioned gains are not derived from the group's normal business operations but are extraordinary gains.
The announcement indicated that the group is finalizing its performance for the fiscal year 2025 and will publish its unaudited financial performance report on Saturday (29th) or before, along with more details.
Extended Reading
Marco Polo Marine's first-quarter revenue fell 11%, new ships and dry docks will contribute in the second half
Marco Polo Marine received approximately NT$200 million research vessel order from Taiwan Ocean Research Institute
Previously, the announcement showed that Marco Polo Marine's revenue for the first nine months of the fiscal year 2025, ending in June, fell by 13% to NT$84.4 million, mainly due to a decline in shipyard revenue and a decrease in third-party vessel leasing income from Taiwan.
As of 11:32 AM, Marco Polo Marine's stock price had risen by 1.85%, trading at NT$0.11.
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