The Business Times
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Otto Q3 profit halved on lower one-time gains

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Nisha Ramchandani

Nisha Ramchandani

Published Fri, Nov 14, 2014 · 09:50 PM

Singapore

OFFSHORE marine firm Otto Marine's net profit was about halved from US$4.12 million to US$2.02 million for the third quarter ended Sept 30 as one-time gains saw a sharp drop.

This was despite revenue rising 16.8 per cent to US$96.82 million. Earnings per share worked out to 0.05 US cent, down from 0.11 US cent.

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