OGX loss triples on last year

Brazil’s OGX has posted a loss on Tuesday of 398.7 million reais ($196.7 million) for the second quarter, due to a mix of currency-related financial costs and drilling costs.

Loss: OGX, controlled by Brazilian billionaire Eike Batista (above), has posted a $197 million loss for the second quarter

Danica Newnham
News Wires

Published 15 August 2012, 06:05Updated 11 October 2016, 11:00