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You are here: Home1 / News2 / Product News3 / Stamford Warning Q2 Loss

Stamford Warning Q2 Loss

Date: 2nd December 2008 Author: Admin Comments: 0

Stamford Tyres of Singapore has told Asian news sources that it expects to record a loss in its second quarter ending 31 October, 2008. The company said that the losses were a result of currencies in Australia, South Africa, Indonesia and India weakening against the American dollar in October. It says that the losses are not related to speculative hedging instruments. The firm still expects to post a profit for the first half of its financial year.

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Africa, India, Indonesia, Product News, South Africa, Stamford Tyres

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