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Otto Marine in the red for Q3

Thursday, November 12, 2015 - 05:50


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

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