Golden Energy sees 'significant improvement' in 1H

This was linked to the higher average selling prices amidst rising coal prices.

The Golden Energy and Resources Limited reported its revenue and earnings in the first half has shown “significant improvement” compared to a year ago, based on its preliminary assessment.

“This is primarily due to the higher average selling prices arising from an increase in coal prices, as reflected in the Indonesian Coal Index 4,” the company announced.

GEAR is still in the process of finalizing its unaudited financial results for the first half. It will release the results on or before 13 August 2021.

In the first half of 2020, the group posted a 40.5% surge in net profit to US$35m, whilst its revenue rose by 18.6% to US$593m.

This was driven by a 32% production growth to 16.5 million tonnes over the same period.

The company recently announced the completion of the acquisition of the Millennium and Mavis Downs Mine, through its subsidiary Stanmore Resources Limited.

Follow the link for more news on

Golden Energy and Resources

Singapore Exchange

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia