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Halcyon Agri sinks into the red for Q4

Falling rubber prices and weaker global sentiment see company reporting a net loss of US$7.4m

Published Thu, Feb 28, 2019 · 09:50 PM

Singapore

FALLING rubber prices and a decline in global macroeconomic sentiment dampened results for rubber supplier Halcyon Agri Corporation in its fourth quarter ended Dec 31.

It sank into the red, chalking up a net loss of US$7.4 million, compared with net profit of US$11.4 million in the previous year, the group said in a Singapore Exchange filing on Thursday evening.

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