Coal miner Golden Energy Mines (GEMS), member of Sinar Mas Group, booked a net profit of US$54.6 million in the first half (H1) of 2020, grew 50.4% from US$36.3 million in the corresponding period of 2019, as sales rose 16.5% to US$572 million. Its operating profit increased 46% to US$75.7 million. Export sales rose 8.3% to US$338.5 million, and domestic sales surged 219% to US$233 million.

To subscribe please click here