Marco Polo profit up 5% at $22.3m

GAINS in ship chartering and offshore operations boosted mainboard-listed Marco Polo Marine's fiscal 2013 earnings amid a subdued market environment.

Net profit for the full year ended Sept 30 grew 5 per cent to $22.3 million, or earnings per share of 6.56 cents, from $21.3 million, or earnings per share of 6.26 cents, a year ago.

The latest set of results accounted for the operations of Pelayaran Nasional Bina Buana Raya (BBR), the company's former associated company that became a subsidiary.