Halcyon Agri Corporation Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company’s revenue was $429,897,000 compared to $509,176,000 for the same period a year ago. Operating profit was $2,186,000 compared to $27,344,000 a year ago. Loss before tax from continuing operations was $901,000 compared to profit of $22,980,000 a year ago. Loss from continuing operations, net of tax was $1,558,000 compared to profit of $17,524,000 a year ago. Profit attributable to owners of the company from continuing operations, net of tax was $264,000 compared to $15,322,000 a year ago. Profit attributable to owners of the company was $1,257,000 compared to $10,858,000 a year ago. EBITDA from continuing operations was $8,518,000 compared to $32,435,000 a year ago. EBITDA was $11,816,000 compared to $25,413,000 a year ago. Basic and diluted EPS from continuing operations were 0.02 cents compared to 0.96 cents a year ago. Adjusted EPS from continuing operations were 0.02 cents compared to 0.96 cents a year ago. Net cash used in operating activities was $100,219,000 compared to $150,749,000 a year ago. Capital expenditure on property, plant and equipment and plantation assets was $14,778,000 compared to $10,857,000 a year ago. Revenue decreased was mainly due to the decrease in revenue per tonne from $1,944 to $1,554, in line with the movement of the natural rubber market price during these periods. The decrease in profit before tax was mainly due to the decrease in gross profit of $25.4 million and the additional operating expenses from the newly acquired subsidiaries.