Geo Energy
Geo Energy buys majority stake in two Indonesian shipping companies for US$127.5 million
The deal’s completion follows an initial announcement in August 2025
Geo Energy Q3 net profit falls 55% to US$3.2 million due to lower coal prices
This is despite higher revenue, which is up 62% at US$136.6 million
Geo Energy to acquire 51% stake in two Indonesian shipping companies for US$127.5 million
This will diversify its revenue stream towards logistics and infrastructure services and enlarge its asset base to enable future earnings contributions
Richest Indonesian adds US$20 billion to wealth on energy rally
Prajogo Pangestu, son of a rubber trader, started Barito Pacific in 1979 to sell timber
Geo Energy H1 profit drops 2% to US$26.7 million
Earnings per share was US$0.0191 for the half year, down from US$0.0194 the previous year
Geo Energy to recover US$18 million in outstanding receivables after sale of creditor’s rights
The move, which is accretive to the group’s cash flow, will provide financial certainty
Geo Energy Resources Q1 net profit falls 46% to US$8.7 million
Revenue for the quarter came in at US$99 million, a drop of 25% from a year ago
Geo Energy H2 profit falls almost 40% as finance costs hike by US$5.5 million
INDONESIAN coal producer Geo Energy Resources on Tuesday (Feb 27) reported a drop in net profit of almost 40 per cent to US$34.8 million for the second half of 2023.
Issue 87: Geo Energy deals show coal still hot; Singapore banks growing that green
In this issue: In this issue: Geo Energy gets a key investor and an offtaker, while Singapore’s Big 3 banks see a rise in their sustainable finance portfolios.
Geo Energy Resources secures US$35 million investment
INDONESIAN coal producer Geo Energy Resources will be receiving an investment of US$35 million from private commodities investment company, ResInvest, for at least 5.5 per cent of its equity.
