OEL (Holdings) Limited announced that the Group is expected to record a net loss for the financial year ended December 31, 2014 based on a preliminary review of its unaudited financial performance. The expected net loss in fiscal year 2014 is attributable primarily to legal and professional fees incurred for the arbitration proceedings in relation to the Group's Shipyard operations. In addition, the Group expects to record asset write-downs and legal compensations following the final award in the Consolidated Arbitration ordered by the Arbitral Tribunal.
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