Otto Marine Q3 net falls 13% to US$4.12m

OFFSHORE marine group Otto Marine posted a net profit of US$4.12 million for the third quarter ended Sept 30, 2013, down 13.1 per cent from US$4.74 million a year ago.

Its bottom line was hit by a US$9.8 million fall in "other income" as a result of a reduced gain on disposal of property, plant and equipment, a loss arising from changes in the fair …