The group’s revenue for the period grew 71% y-o-y to US$289.5 million, while gross profit grew 65% y-o-y to US$44.9 million.
Geo Energy’s earnings for the 1HFY2025 ended June 30 declined 25% y-o-y to US$20.1 million.
This is due to the 1HFY2024 net profit including a one-time gain on sale of rights to receivables, net of tax of US$15.4 million. Excluding this one-time gain on sale in 1HFY2024, the group’s net profit for the period would have grown 76% y-o-y.
