Marco Polo Marine's (SGX:5LY) profit attributable to equity holders declined by 42% in fiscal H2 to SG$10.7 million from SG$18.3 million a year earlier.
Earnings per share dropped to SG$0.0028 from SG$0.0050 in the year-ago period, according to a filing with the Singapore Exchange on Thursday.
Revenue fell 13% year over year to SG$62.0 million from SG$71.2 million due to a decrease in revenue from ship chartering operations.
Shares of the marine transportation company were down nearly 2% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.