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Marco Polo Marine achieved a 31% growth in revenue to S$9.0 million against a 36% increase in gross profit for Q1 FY2009 (13 Feb 09)
- Revenue: +31%
- Net Profit: -18%
- Press Release: Higher revenue attributed to growth in both the ship building and ship chartering segments
- Gross profit margin improved from 31.7% to 32.9%
- Hike in net profit (excluding gain from vessel disposal) by 56% to S$1.3 million
- Outlook: While the current global economic turmoil and continued credit crunches by financial institutions may pose challenges to the operating business environment, barring unforeseen circumstances and further deterioration of the situation, the Group is poised to weather the downturn.
- The Group will continue to adopt a vigilant approach in managing costs and cashflows with a view to improve efficiency and productivity and a measured approach in carrying out its expansion plan.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 8,960
2008 6,847
FY 1H 2H Total
2008 16,448 29,495 45,943
2007 16,953 20,168 37,121
2006 NA NA 15,887
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Earnings (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 1,302
2008 1,591
FY 1H 2H Total
2008 5,403 5,732 11,135
2007 4,369 4,028 8,397
2006 NA NA 5,393
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Dividends
FY Interim Final Special (SGD)
NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (SGD)
NAV = $0.20
EPS = $0.0046 (3M FY09)
No of Shares = 285,750,000
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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