Geo Energy Resources' Attributable Profit Declines 70% in H2 2024

MT Newswires

02-28

Geo Energy Resources' (SGX:RE4) attributable profit to owners declined 70% in the second half of 2024 to $10.4 million from $34.8 million a year earlier.

Earnings per share fell to $0.0073 from $0.0251 in the comparable period, according to a Thursday filing with the Singapore Exchange.

Revenue slid 7% year over year to $232.5 million from $249.2 million due to adverse weather conditions.

The company declared a final dividend of SG$0.004 per share, bringing the total dividend to SG$0.01 per share for 2024.

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