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Otto Marine in the red for Q3
Published Wed, Nov 11, 2015 · 09:50 PM
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Singapore
SHARPLY lower revenue combined with higher finance costs in the third quarter led Otto Marine to a net loss of US$5.5 million for the three months ended Sept 30, against a net profit of US$2 million a year ago.
Revenue dropped 35 per cent to US$62.97 million. Loss per share stood at 2.58 US cents for Q3, compared with 0.96 US cent earni…
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