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Wilmar down 7.5% after 2Q loss warning

PC Lee Published on Wed, Jul 20, 2016 / 11:35 AM GMT+8

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SINGAPORE (July 20): Shares of Wilmar International are down 7.5% at $3.10 after the commodities trader warned investors it expects to report a net loss of about US$230 million ($312 million) in the second quarter.

This was due to an earnings drag from oilseeds and grains segments, and partly from its sugar business.

(See Wilmar emerges winner among unfancied upstream players)

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