Page 20 - ar2012

16 GEO ENERGY RESOURCES LIMITED | Annual Report 2012
In FY2012, the Group made a conscious and continuous effort to broaden our customer base and as a result, we secured
a new customer from South Korea. Coal sales for this new customer amounted to approximately 17.9% of the Group’s total
revenue for FY2012.
As a result of the growth in revenue and gross profit, net profit for the Group surged 33% to US$19.2 million after taking
into account increases in general and administrative expenses as well as one-off expenses in connection with the Group’s
listing in 2012.
14.1
1.7 63.0
50
40
30
20
10
0
2.7
19.7
19.0
37.9
26.7
38.5
36.2
46.0
FY2009 FY2010 FY2011 FY2012
FY2012 Revenue (US$’million)
Gross Profit
Gross Profit (US$’million)
Gross Profit Margin (%)
China
South Korea
Indonesia