Paul Chew of PhillipCapital has kept his "buy" call and 47 cents target price on Geo Energy Resourcesafter the coal miner reported earnings growth for its 1QFY2025 that were in line.
In the three months to March 31, Geo Energy reported earnings of US$14.4 million, up 63% y-o-y, thanks to better sales with where production volume more than doubled to 3.2 million tonnes, aided by favourable weather conditions, says Chew in his May 19 note.
In addition, the company enjoyed lower unit production costs.
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