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Halcyon Agri posts Q1 loss of US$5.7m on higher financing cost, lower sales volumes

Singapore

A DELIBERATE switch in strategy that hurt sales volumes and higher financing cost drove rubber supplier Halcyon Agri Corp into the red to the tune of US$5.7 million in the first quarter compared with a restated profit of US$1.3 million in the same period a year ago.

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sentifi.com

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