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Wilmar warns of US$230m Q2 loss

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

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...

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