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BRIEF-Geo Energy Resources Achieves Half-Yearly Revenue Of Us$368.3 Million

Reuters SG
·1-min read

Aug 11 (Reuters) - Geo Energy Resources Ltd:

* GROUP ACHIEVED HALF-YEARLY REVENUE OF US$368.3 MILLION, AN INCREASE OF 67% FROM 1H2021

* COAL SALES OF 5.2 MILLION TONNES IN 1H2022

* DECLARES SECOND INTERIM DIVIDEND OF S$0.02 PER SHARE

* HY NET PROFIT WAS US$106.0 MILLION VERSUS US$48.5 MILLION

* EXPECT STRONG SECOND HALF ON RAMP UP OF PRODUCTION WHILE COAL PRICES ARE HIGH

* POISED TO RECORD ITS BEST FINANCIAL PERFORMANCE AND RESULTS IN 2022 SINCE ITS IPO

* REMAIN ON TRACK FOR 12 MILLION TONNES OF COAL SALES FOR 2022 Further company coverage: