The Singapore-listed offshore vessel and shipyard ownerreported a quarterly loss of $14.9m, turning around a $1.3m profit in the sameperiod of 2013. But the negative numbers should not come as a surprise to investors, since Otto warned the market of the looming loss earlier this week.
The company’s revenue plunged by 42.6% to nearly $77.2mwhile cost of sales dropped by 37.5%
