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Golden Energy and Resources reports near-trebling of FY17 earnings to US$63 mil

Stanislaus Jude Chan
Stanislaus Jude Chan3/9/2018 06:58 PM GMT+08  • 2 min read
Golden Energy and Resources reports near-trebling of FY17 earnings to US$63 mil
SINGAPORE (Mar 9): Golden Energy and Resources (GEAR) saw its full-year earnings nearly treble to US$63.0 million ($82.9 million) for the FY17 ended December, from US$22.0 million a year ago.
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SINGAPORE (Mar 9): Golden Energy and Resources (GEAR) saw its full-year earnings nearly treble to US$63.0 million ($82.9 million) for the FY17 ended December, from US$22.0 million a year ago.

FY17 revenue almost doubled to an all-time high of US$763.8 million, from US$393.3 million a year ago.

The increase was on the back of robust sales momentum from the group’s Coal Mining and Coal Trading divisions.

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