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GMG Global's Q2 hit by lower rubber prices
Average selling price for each tonne of natural rubber has dropped 31%
Published Fri, Jul 25, 2014 · 10:00 PM
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Singapore
NATURAL rubber producer GMG Global slipped into the red in the second quarter, as weakness in the rubber price hit both its revenue and bottomline.
The mainboard-listed firm recorded a net loss of S$17.4 million for the three months ended June 30, having run up a net profit of S$1.2 million in the year-ago quarter.
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