- ShareInvestor Express
- Business Times Breaking News
Otto Marine: Sold Work Maintenance Vessel For US$38.0 Million.
19 Sep 2012 18:15
Recognises net gain of US$16.8 million that will be reflected in upcoming 3QFY2012 results. The 75 meter Work Maintenance Vessel, Oranda 1, was simultaneously bareboat chartered back by the Group's subsidiary to execute time-charter contract in the Gulf of Mexico. Sales transaction sets to improve the Group's cash flow and balance sheet...
More information available here.
Source: ShareInvestor Express
All information is published "as is" without warranty of any kind and for information purposes only. Business Times and the third party information providers make no representations, disclaim all express, implied, and statutory warranties of any kind to any user and/or third party, and accept no liability. Advice from a securities professional is strongly advised.