Wilmar warns of US$230m Q2 loss
Group hit by untimely purchases of raw materials in highly volatile market
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Michelle Quah
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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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