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Geo Energy Resources Books Lower Attributable Profit in H1
Geo Energy Res: Financial Statements and Related Announcement-Second Quarter and/ or Half Yearly Results
Geo Energy Signs USD150m Contract for Integrated Infrastructure Development
Geo Energy Acquires Majority Stake in Coal Infrastructure Developer
Geo Energy Resources Signs $13 Million Infrastructure Deal With China Communications Construction
Geo Energy Repurchases More Shares
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101572862 : seems to be bad
101572862 : revenue drop yoy
bullrider_21 OP 101572862 : But cash profit per tonne from coal mining for 1HFY2024 remained healthy at an average of US$11.94 per tonne (1HFY2023: US$15.69 per tonne), despite lower ICI4 prices. This is in part due to the group
's resilient cost model where its cash cost decreases along with lower ICI4 prices.
Furthermore, the group aims to improve its cost efficiencies through the continuous optimisation of its mining plan. The group's cash profit margin remains relatively stable at 23% in 1HFY2024 (1HFY2023: 24%).