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Geo Energy reports US$45 mil earnings for 3QFY2021, declares interim dividend of 3 cents

The Edge Singapore
The Edge Singapore 11/10/2021 06:06 PM GMT+08  • 2 min read
Geo Energy reports US$45 mil earnings for 3QFY2021, declares interim dividend of 3 cents
The company is seeing an even better 4QFY2021 with higher prices and volume
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Lifted by record prices of coal, producer Geo Energy Resources has reported 3QFY2021 net profit from operations of US$45.5 million, a big swing from a loss of US$6.3 million in the year-earlier period.

Revenue in the same period was up 159% y-o-y to US$153.6 million.

The company expects an even better 4QFY2021 as both selling prices and production volume had further increased from 3Q.

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