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.
Add BT as a preferred source
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.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
