OW Bunker Unit at Center of Fraud Had $2.1 Billion Sales
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Dynamic Oil Trading (Singapore) Pte, the unit of OW Bunker A/S at the center of fraud allegations, had $2.1 billion in sales from its incorporation in August 2012 to December 2013, company records show.
Dynamic Oil, which supplies and trades bunker fuel used in ships, posted net income of $8.9 million for the period, giving it a profit margin of 0.43 percent, according to records filed with Singapore’s Accounting and Corporate Regulatory Authority.