SINGAPORE (Yosefardi) – SGX-listed Otto Marine Limited suffered loss attributable to owners of US$41.66 million in 2014, against profit of US$15.91 million in 2013.
Revenue declined 30.5% to US$355.9 million from previous US$511.99 million. Its assets reached US$1.21 billion while liability US$952.83 million.
With the uncertainty in the oil price and more cautious attitude of oil majors towards new cost commitment, the Group online casinos expects increased competition in a tightening market. In response to the market situation, the Group has undertaken cost cut ting measures to increase its competitiveness.
The Group will focus on deepening its presence in its existing markets – Australia, Indonesia, Mexico and East Africa – while exploring other geographical markets when opportunities arise.