LONDON: Listed diversified conglomerate San Miguel Corp. (SMC) is hoping to cap the year by reversing the early losses it incurred in the previous periods amid foreseen bullish operating income, among other factors.

Ramon Ang, president and chief operating officer of SMC, said in an interview with reporters that the SMC Group may recover from the net loss it incurred in the first half of the year, which the company blamed on the huge foreign exchange losses. The conglomerate recorded a net loss of P2.4 billion during the period.

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