Corporate digest

Marco Polo Marine

MARCO Polo Marine is in better shape to ride out the ongoing oil and gas crisis than it was during the crash of 2016, the board said in a bourse filing on Friday, as the offshore and marine player sharply narrowed its losses for the six months to March 31.

Marco Polo, which emerged from debt restructuring in 2017 after a bailout, saw its first-half net loss shrink to S$708,000 from S$4.82 million before, amid a 49.5 per cent year-on-year jump in revenue to S$18.6 million.