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Geo Energy Resources's 3QFY2022 earnings down 21% y-o-y, declares interim dividend

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Geo Energy Resources's 3QFY2022 earnings down 21% y-o-y, declares interim dividend
In view of its positive financial performance for 9MFY2022, the company is declaring an interim dividend of 1 cent per share. Photo: Unsplash
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Geo Energy Resources has reported a net profit of US$35.7 million ($50 million) for its 3QFY2022 ended September, a 21% decline y-o-y due to weather conditions at its mines caused by the La Niña.

Net profit for 9MFY2022 at US$141.7 million, however, is 51% higher compared to the same period last year.

Geo Energy’s earnings per share for the 3QFY2022 and 9MFY2022 stood at 3.59 cents and 14.34 cents respectively on a basic basis.

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