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Production on track for Golden Energy and Resources but expect price headwinds ahead

Samantha Chiew
Samantha Chiew11/26/2018 12:45 PM GMT+08  • 2 min read
Production on track for Golden Energy and Resources but expect price headwinds ahead
SINGAPORE (Nov 26): Golden Energy and Resources (GEAR) on Nov 13 reported 3Q18 earnings increased by 50.2% to $14.9 million from a year ago.
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SINGAPORE (Nov 26): Golden Energy and Resources (GEAR) on Nov 13 reported 3Q18 earnings increased by 50.2% to $14.9 million from a year ago.

This came on the back of a 59.9% y-o-y increase in revenue to $286.7 million.

Despite the positive results, Phillip Capital says that revenue and net profit missed expectations due to higher operating expenses and correction in coal prices.

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