Halcyon Agri sinks into the red for Q2
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Singapore
BLEAK market conditions dragged rubber supplier Halcyon Agri into the red for the second quarter ended June 30, 2018. The mainboard-listed firm on Monday chalked up a loss of US$4.1 million, in contrast with a net profit of US$1.6 million a year ago.
Sales volume increased 26.9 per cent to 374,216 tonnes, but this did little to boost revenue, which rose only marginally to US$574.1 million.
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