Otto Q3 profit halved on lower one-time gains
Add BT as a preferred source
Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
