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Halcyon Agri sees trebling of 1Q earnings to $15.5 mil after merger

PC Lee
PC Lee5/11/2017 08:02 AM GMT+08  • 2 min read
Halcyon Agri sees trebling of 1Q earnings to $15.5 mil after merger
SINGAPORE (May 11): Halcyon Agri, the natural rubber supply chain manager, returned to profitability in 1Q with earnings of US$11 million ($15.5 million) compared to a loss of $6.6 million a year ago.
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SINGAPORE (May 11): Halcyon Agri, the natural rubber supply chain manager, returned to profitability in 1Q with earnings of US$11 million ($15.5 million) compared to a loss of $6.6 million a year ago.

Earnings per share was 0.69 US cents, up from the adjusted loss per share “LPS) of 0.42 US cents.

The 1Q results revealed the first consolidated set of results from the expanded Halcyon Agri after a three-stage merger, integrating the natural rubber processing assets of Sinochem International Corporation Co. and GMG Global in 2016.

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