Gross profit fell by 37% y-o-y to US$120.6 million with cash profits decreasing to US$132.2 million from US$204.8 million.
Geo Energy (SGX:RE4
) has reported earnings of US$56.6 million ($76.4 million) for the 2HFY2022 ended Dec 31, 2022, 56% lower than the earnings of US$129.8 million.
2HFY2022 revenue fell by 13% y-o-y to US$365.1 million due to the lower sales volume during the period and offset by higher average selling prices (ASPs).
