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…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with