Golden Energy Mines (GEMS), one of coal mining companies owned by Sinar Mas Group, booked net profit of US$339.8 million in the first half (H1) of 2023, relatively flat compared to the corresponding period last year. Revenue grew 7.7% year on year (y/y) to US$1.4 billion, while operating profit declined 3.6% to US$431.4 million, due to higher expenses.To subscribe please click here
