GEO ENERGY RESOURCES LIMITED
| Annual Report 2014
13
FY2014 Geographical Revenue
(US$’m)
Both international and domestic coal trading companies located in Indonesia remained as the top
contributor to the Group’s revenue, representing 64.8% of our total revenue in FY2014. Due to
the downward trend in coal price and the soft demand for coal with low calorific value, revenue
earned from customers located in Indonesia and Singapore decreased by approximately US$41.9
million and US$20.4 million respectively. This was partially offset by the increase of approximately
US$13.8 million in revenue from customers located in China, following our efforts to continue
to broaden our customer base. Overall, the Group reported revenue of US$53.1 million. Due
to the decrease in coal sales volume and the pricing, and that we incurred some non-recurring
operational costs to streamline manpower and reallocate our capacity utilisation, the Group’s
total gross profit decreased by US$32.9 million from US$30.5 million profit in FY2013 to a loss of
US$2.4 million in FY2014.
Indonesia
Singapore
China
Others
0.6
3.1
15.0
34.4
(US$’million)
FY2012 FY2013 FY2014
Gross Profit
36.2
30.5
(2.4)
Gross Profit Margin
46% 28%
(5%)
(US$’million)
FY2012 FY2013 FY2014
Net Profit
19.2
13.0
(12.8)
Net Profit Margin
24% 12%
(24%)
