Marco Polo Marine's (SGX:5LY) net profit attributable to equity holders surged 170% during the fiscal year ended Sept. 30 to SG$58.5 million from SG$21.7 million a year earlier, according to a Saturday filing with the Singapore Exchange.

Shares of the marine infrastructure company were up nearly 2% in Monday trade.

Earnings per share rose to SG$0.0156 compared with SG$0.0058 in the comparable period.

Revenue meanwhile, marginally declined by 0.6% year over year to SG$122.8 million from SG$123.5 million.

However, dividend increased by 50% to SG$0.0015 per share.