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A Brawn GP Formula One pit crew member stacks tyres in the pits of the Singapore F1 Grand Prix at the Marina Bay street circuit. REUTERS
  • Industrial group SP Corp said it expects to report a loss for the second quarter and half year ended June 30, 2017
  • Loss due to lower revenue and profit contribution from the commodities trading business, and higher losses incurred by the tyre distribution business: company statement
  • Commodities trading business contributes nearly 90 percent to group revenue
  • SP Corp reported a loss after tax of $0.3 million for the first quarter ended March 31
  • Shares of the company were up 0.7 percent to S$0.735 at 0416 GMT on the Singapore Exchange