Thursday, February 28, 2013

Geo Energy

Geo Energy: FY12 revenues up 14% to US$78.7m, earnings increased 33% to US$19.2m. Revenue improvement came on the back of a 77% increase in coal volumes due to its production increase. Although offset by the decrease in ASPs of coal by 37% to US$46.5/ tonne, due to the lower average calorific value of coal produced. Group expect sales volume to increase, inline with its planned increase in production capacity. Also, the Indonesian Coal Reference Price (HBA) has increased by approximately 8.5% in the last three months, which could serve to improve the Group's ASPs. Group also continues to look for business expansion opportunities which may include acquisitions, joint ventures and/or strategic alliances Geo Energy trades at 23x P/E;

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