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Golden Energy's coal mining division boosts Q1 profit

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Michelle Quah

Michelle Quah

Published Mon, May 15, 2017 · 09:50 PM

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Golden Energy

Singapore

INDONESIAN coal mining group Golden Energy and Resources (GEAR) reported a sharp jump in its net profit for its fiscal first quarter, coming on the back of much-improved takings by its coal mining division.

The group announced on Monday that its net profit attributable to shareholders for the quarter ended March 31, 2017, rose to US$19.0 million, from US$1.7 million the year before.

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