The bottom line for FY2024 was distorted by a gain on sale on rights to receivables and the FY2025 earnings were weighed down by higher tax expenses.
Driven by higher production volume, coal miner Geo Energy Resources has reported revenue of US$562.7 million for its FY2025, an increase of 40%.
However, as the company continues to invest heavily in preparation works for new mines and infrastructure, and with higher tax, earnings for the same period was down 26% to US$27.4 million.
