Halcyon Agri Corporation Limited provided group earnings guidance for the first half ended 30 June 2023. For the period, the company expects to report a loss after tax for H1 2023. The Expected LAT is mainly attributable to the following: Margin compression as a result of sluggish rubber prices in a global slowdown of demand coupled with persistently high raw material prices.

Higher net financing costs mainly due to rising interest rate. Base on the progress of latest recovery process in relation the loan to a third party, the Group has assessed that the recoverable amount is likely to be below its carrying amount and thus will be recognising additional impairment provision.