Golden Energy swings into black for H2; full year Ebitda at record
Improved performance as revenue climbs 87% to US$1.1b; Ebitda surges 341% in FY21 to a record US$503.3m
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Singapore
GOLDEN Energy and Resources (Gear) swung into the black for its second half, on the back of stronger revenue. Net profit for the 6 months ended Dec 31, 2021, stood at US$85.2 million, reversing a US$8.4 million loss from the year-ago period. On a per share basis, earnings amounted to US$0.0362 in the latest period, compared to a US$0.0036 loss in H2 2020.
The improved performance came as revenue surged 87 per cent on-year during the period to US$1.1 billion, from US$570.7 million previously. For the full year, revenue jumped 61.2 per cent to US$1.87 billion, with improvements in both energy coal and metallurgical coal segments.
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