Marco Polo Marine's net profit plunged 74% to $334,000 in Q3
Due to weak ship chartering revenue.
Marco Polo Marine reported that its net profit plunged 74% to $334,000 in the second quarter.
This was on back of a 46% crash in its ship chartering revenue, mainly due to persistently weak shipping demand.
The group's results were also impacted by the deconsolidation of BBR following its disposal.