Offshore player Marco Polo Marine has reported a 17% rise in full-year net profit on the back of a strong performance in the second half of the year.

The Singapore-listed company posted a profit of SGD 25.8m ($19.3m) for the 12 months ended 30 September 2023 versus SGD 22m in the previous year.

Revenue for the 12 months was up 47.7%