Halcyon eyes opportunities for Thai business as it swings to black
Natural rubber supplier posts US$11m profit for Q1; revenue triples to US$558.3m
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Singapore
NATURAL rubber supplier Halcyon Agri is open to further acquisitions in Thailand as it seeks heft to withstand the volatile prices that marred an otherwise strong first quarter, chief executive Robert Meyer said on Thursday.
Halcyon, which was reporting its first quarterly results since acquiring the other natural rubber assets of parent Sinochem International Corp Co, on Thursday posted a net profit of US$11 million, or 0.69 US cent per share, for the three months ended March 31. It lost US$6.9 million, or 1.11 US cents per share, in the year-ago period.
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