The group sold 1.89 million tonnes of coal from the Sungai Danau Jaya (SDJ) mine in 3Q17, compared to 1.81 million tonnes sold in 3Q16, following a slight improvement in weather conditions in the third quarter.
SINGAPORE (Nov 13): Geo Energy Resources announced that its 3Q17 earnings increased 16% to US$8.6 million ($11.7 million) compared to US$7.44 million in 3Q16.
Revenue for the quarter was up by 32% to US$74.9 million from US$56.9 million a year ago, mainly due to increased revenue from coal mining as well as revenue from coal mining management services during the period.
