Mainboard-listed Marco Polo Marine, the growing integrated marine logistic group, says net profit attributable to shareholders for the financial year ended 30 September 2010 (FY2010) surged 90% to $19.1 million. For 4Q FY2010, net profit stood at $2.8 million, up 52% from $1.8 million in 4Q FY2009.

Driven by healthy growth across all business segments, the group recorded revenue of $64.3 million in FY2010, an improvement of 18% over $54.5 million in FY2009.

During the year, revenue from ship chartering operations rose 21% to $32.5 million as the group’s total operating fleet size expanded from 46 to 63 (excluding the 25 vessels owned by the group’s jointly controlled entities).