Geo Energy

INSIDE INSIGHTS

Buybacks and director filings surge following heavy earnings season

[SINGAPORE] For the five trading sessions spanning Feb 27 to Mar 5, institutions were net sellers of Singapore stocks, with net institutional outflow of S$41 million, taking the accumulated net outflo...

Executive chairman and CEO Charles Antonny Melati notes that Geo Energy Resources has exceeded its full-year production target.

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

The proposed acquisitions will enable the group to build up a fleet to support higher production at its Triaryani coal mine and operations at its Marga Bara Jaya jetty.

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

Prajogo Pangestu has added more than US$20 billion to his net worth since it hit a low in April, lifting it to US$36.2 billion, according to the Bloomberg Billionaires Index.

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 says it has recalibrated its mining plan in its SDJ coal mine to open more pits and ramp up its coal production in the second half of the year.

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

The creditors’ rights relate to outstanding receivables from Indonesian companies Titan Infra Energy and Jaya Utama Indonesia.

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 says the growing demand for coal is expected to support prices in 2024 and beyond.

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

Production volumes in the year have fallen as a result of the higher strip ratios based on the geology of two of Geo Energy's coal mines, including the SDJ  mine (above).

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.