In addition, the company enjoyed lower unit production costs.
Paul Chew of PhillipCapital has kept his "buy" call and 47 cents target price on Geo Energy Resources (SGX:RE4
) after the coal miner reported earnings growth for its 1QFY2025 that were in line.
In the three months to March 31, Geo Energy reported earnings of US$14.4 million, up 63% y-o-y, thanks to better sales with where production volume more than doubled to 3.2 million tonnes, aided by favourable weather conditions, says Chew in his May 19 note.
