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Home / Capital / Brokers Calls

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

Broker's Calls

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

Samantha Chiew Published on Mon, Nov 26, 2018 / 12:45 PM GMT+8

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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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