Halcyon Agri narrows loss to $31.6m in H1

The company posted a loss of US$24m.

Halcyon Agri Corporation posted a loss of $31.6m (US$24m) in H1 2024, its latest financial statement showed.

This is 61.5% lower than its loss of US$62.66m in the first six months of 2023.

Loss attributable to the owners of the company is $81.8m (US$62.12m) to $28.7m (US$21.75m) loss attributable to owners of the company.

Loss per share decreased to $2.1 (US$1.60) from $5.43 (US$4.13) in H1 2023.

Revenue rose 25.7% to US$1.5b in H1 2024, and gross profit improved to US$73.5m, which it attributed to higher market prices and Halcyon's efforts to create different products using traceable rubber.

(US$1 = S$1.32; as of 15 August, 5:29PM)

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