Resources Global Development (RGD) was listed in January 2020 when the Covid-19 pandemic first started. Despite this, RGD has delivered continued growth in profitability, underscoring our ability to navigate the Covid-19 pandemic and industry headwinds.
Resources Global Development (RGD) has established a reputation as a reliable provider of trading and shipping services in Indonesia. It procures thermal coal from coal mines located in South Kalimantan for domestic and export sales, as well as provides chartering and trans-shipment services across the Indonesian territories. The group’s growth in profitability has been driven by its continued fleet expansion, from 9 vessels at IPO to 22 vessels today. RGD has recently obtained shareholders’ approval to acquire all the issued shares in the capital of Batubara Development, which has an interest in 4 coal mines in Central Kalimantan, and to diversify its core business to include coal mining.
What are some highlights from Resources Global Development (SGX:QSD
) ’s recent financial performance?
