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Stamford Tyres reverses into losses for FY20, halves dividend

MAINBOARD-listed Stamford Tyres on Monday posted a net loss of S$4 million for FY20, reversing from a humble profit of S$474,000 a year ago.

This was due to a one-time expense relating to the closure of a loss-making operation in Australia in Q2 FY20, as well as higher allowance for...

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