For the recently concluded fiscal year, Otto Energy (ASX:OEL) posted a net loss after tax of $7.0 million.
The loss reflects a significant shift from the previous fiscal year’s profit of $15.5 million.
The oil and gas company also reported that its net operating revenue stood at $33.4 million, a decrease from the previous year’s figure of $40.6 million.
Otto Energy is an oil and gas production and exploration company.
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