- Geo Energy Resources (SGX:RE4) reported FY24 revenue of US$401.9mil, a slight decline from FY23 due to lower ICI4 coal prices. Net profit fell to US$37.3mil, but cost efficiencies enabled the company to maintain a strong cash profit per tonne of US$10.37. The company’s focus on operational efficiency and infrastructure development positions it well to capitalize on future demand growth.
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Resilient operational performance.
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- With no immediate refinancing needs, Geo Energy is well-insulated from interest rate volatility, while long-term offtake agreements provide earnings stability despite fluctuations in coal prices.
Expansion of integrated infrastructure to drive cost efficiency and profit growth.
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