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Golden Energy and Resources' 1Q earnings up by 40.7% to $35.8 mil on higher revenue

Samantha Chiew
Samantha Chiew5/14/2018 06:52 PM GMT+08  • 2 min read
Golden Energy and Resources' 1Q earnings up by 40.7% to $35.8 mil on higher revenue
SINGAPORE (May 14): Golden Energy and Resources (GEAR) reported 1Q18 earnings increased by 40.7% to US$26.8 million ($35.8 million), compared to US$19.0 million in 1Q17.
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SINGAPORE (May 14): Golden Energy and Resources (GEAR) reported 1Q18 earnings increased by 40.7% to US$26.8 million ($35.8 million), compared to US$19.0 million in 1Q17.

Revenue for the quarter rose 90.7% at US$273.0 million from US$143.2 million a year ago.

This was mainly attributable to increases in revenue from the group's Coal Mining and Coal Trading divisions, partially offset by a decrease in revenue from its Non-coal Businesses.

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