Halcyon Agri back in black for fourth straight quarter

Singapore

HIGHER natural rubber prices and larger sales volume boosted results for natural rubber supplier Halcyon Agri in the third quarter, which also marked its fourth straight quarter of being back in the black.

The group made a net profit of US$7.3 million in the quarter, a reversal from a net loss of US$12.1 million in the previous year, it said on Friday. This included a loss of US$469,000 on the group's discontinued operations - its processing business in Thailand known as Teck Bee Hang that has been classified as an asset held for sale.