Golden Energy Company profile
About Golden Energy and Resources Ltd
Golden Energy and Resources Limited (GEAR) is a Singapore-based energy and resources company, which is principally engaged in the exploration, mining and marketing of metallurgical coal and gold in Australia, as well as energy coal in Indonesia. The Company’s segments include Energy coal, Metallurgical coal, and Non-coal Business. The Energy coal segment includes exploration, mining, processing and marketing of energy coal from its coal mining concession areas and procuring sales orders from customers and sourcing for domestic suppliers. The Metallurgical coal segment includes exploration, mining, processing and marketing of metallurgical coal from its coal mining concession areas. The Non-coal Business segment Includes forestry, investment holding company, gold mining and provision of management services. The Company’s principal activities also include coal mining, coal trading, investment holding company and forestry.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Golden Energy and Resources Ltd revenues increased 61% to $1.87B. Net income increased from $8.1M to $114.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Amortization of deferred financing costs decrease of 24% to $1.2M (expense), Interest income increase of 1% to $8.7M (income).
Equity composition
12/00: 130,360,000 Bonus shares issued. 04/2015, 1-for-50 Reverse Stock Split.
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