Singapore's Halcyon Agri H1 loss narrows as costs drop; revenue hit by weak demand

Halcyon Agri

13/08/2026 13:28

Overview
Singapore rubber supplier's H1 2026 revenue fell 27% yr/yr, gross profit declined 16%
Company reported H1 2026 net loss narrowed 17% yr/yr
Operating loss for H1 2026 shrank 74% yr/yr

Outlook
Company expects the raw material sourcing environment to remain challenging

Result Drivers
RAW MATERIAL WOES - Revenue fell mainly due to tighter raw material availability and weaker demand
REDUCED COSTS - Selling expenses fell as business activity dropped; administrative expenses were lowered by cost optimisation initiatives

Company press release: ID:nSN4mSVgp

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$1.04 bln
 
H1 Net Loss
 
$39.11 mln
 
H1 Gross Profit
 
$52.64 mln
 
H1 Operating Income
 
-$3.73 mln
 
H1 Pretax Loss
 
$32.76 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)