Halcyon Agri eyes return to profitability amid stronger rubber demand, prices

Chief executive David Li confident group will stay in the black, with trends such as EVs, medical gloves and masks stoking demand for rubber.

Uma Devi

Published Mon, Jan 31, 2022 · 05:50 AM

Halcyon Agri

Singapore

NATURAL rubber supplier Halcyon Agri Corporation is on track for a turnaround. The company recently announced it is set to record a profit after tax for FY2021 ended December versus a loss in FY2020, thanks to an overall improvement in business conditions, particularly the recovery of downstream industrial activities.

Chief executive David Li told The Business Times in an interview that he "has confidence" that the profitability is sustainable, especially after the group refreshed its vision and mission to support sustainable growth.