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Marco Polo Marine's Gross Profit Rises 7% in Fiscal Q3

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Marco Polo Marine's (SGX:5LY) gross profit rose 7% to SG$15 million in the fiscal third quarter ended June 30 from SG$14 million a year ago, according to a Tuesday filing to the Singapore Exchange.

Revenue in fiscal Q3 also increased 13% year over year to SG$35.7 million from SG$31.7 million. Of the total, revenue from ship chartering operations grew 8% year over year to SG$24 million, while ship building and repair operations revenue was up 23% to SG$11.7 million.

The company's shares rose nearly 1% in recent trade.

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