Geo Energy Resources Reports Higher Q3 Profit, Revenue Up; Shares Down 5%
MT Newswires11-12 12:10
Geo Energy Resources (SGX:RE4) logged $20.6 million in profit in the third quarter, compared with $3.2 million a year earlier, according to a Thursday filing with the Singapore Exchange.
Basic earnings per share moved to SG$0.0138 from SG$0.0034 year over year.
For the third quarter ended Sept. 30, revenue was $208.3 million versus $136.6 million in the year-ago period.
The board recommended an interim dividend of SG$0.0025 per share for the quarter ended Sept. 30, payable on Dec. 1 to shareholders on record as of Nov. 24.
Shares of the energy company slid nearly 5% in Thursday trading.
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