Apricot Capital’s managing partner Darren Teo has increased his personal stake in Marco Polo Marineto 0.29% after buying 1 million shares via market transaction on May 13.

Teo, who is also a non-executive director on Marco Polo Marine’s board, bought the shares at 4.4 cents apiece.

Including his deemed interest via Apricot Capital, Teo’s total stake is now at 16.46%, up from 16.43%.

On May 9, Marco Polo Marine reported earnings of $10.6 million for the 1HFY2025 ended March 31, 3.4% lower y-o-y.

Excluding foreign exchange (forex) losses and one-off items arising from the gain on disposal of property, plant and equipment, adjusted net profit would have been down by 13.7% y-o-y to $9.6 million.

Shares in Marco Polo Marine closed flat at 4.4 cents on May 13.