The 1Q results revealed the first consolidated set of results from the expanded Halcyon Agri after a three-stage merger, integrating the natural rubber processing assets of Sinochem International Corporation Co. and GMG Global in 2016.
SINGAPORE (May 11): Halcyon Agri, the natural rubber supply chain manager, returned to profitability in 1Q with earnings of US$11 million ($15.5 million) compared to a loss of $6.6 million a year ago.
Earnings per share was 0.69 US cents, up from the adjusted loss per share “LPS) of 0.42 US cents.
