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Wilmar warns of US$230m Q2 loss

Group hit by untimely purchases of raw materials in highly volatile market

Michelle Quah

Published Tue, Jul 19, 2016 · 09:50 PM

Singapore

AGRIBUSINESS heavyweight Wilmar International says it expects to report a net loss of US$230 million (S$311 million) for its fiscal second quarter ended June 30, 2016.

The mainboard-listed group said in an announcement on Tuesday that this loss was due to "challenging operating conditions" during the quarter - conditions which it said it had flagged in its first-quarter results announcement.

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