On the other hand, he is assuming FY2025 earnings 10% lower than earlier projected due to coal prices that are trending lower from his forecast.
Geo Energy Resources has reported 1HFY2025 earnings in line with the expectations of Paul Chew of PhillipCapital.
Separately, the coal miner has announced the acquisition of controlling stakes in two companies owning 27 sets of barges and tugs, which is seen as a "strategic" move to beef up its infrastructure capabilities in moving coal dug up from mines further inland.
