Floating Production Intelligence

Floating Production Intelligence

Brazil's OSX Posts Third-quarter Loss of $62m

November 14, 2014

Floating Production Intelligence LLC.

OSX Brasil SA, the bankrupt shipbuilder controlled by Brazilian tycoon Eike Batista, posted a net loss of 160.8 million reais ($61.8 million) in the third quarter, the company said in a securities filing on Friday.

OSX reported a net loss of 1.77 billion reais in the same period last year.

($1 = 2.6 reais)

(Editing by Diane Craft)

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