Halcyon-Natural-rubber

Halcyon reports 200% rise in revenue following merger with Sinochem

Singapore – Natural rubber supplier Halcyon Agri has reported a sharp 200% rise in first quarter 2017 revenue at $558.3 million (€506 million) up from $183.2 million during the same period in 2016.

Earnings (EBITDA) jumped from just under $2 million in the first three months of 2016 to $25.4 million in first quarter 2017, the company announced 11 May.

During the first quarter, the group hit a record profit before tax of $14.8 million and positive operating profit of $19.5 million, up from loss of $400,000…

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