{"id":383697,"date":"2020-11-12T08:39:48","date_gmt":"2020-11-12T03:09:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383697"},"modified":"2020-11-12T09:13:39","modified_gmt":"2020-11-12T03:43:39","slug":"great-eastern-energy-corps-net-profit-falls-to-3-million-in-h1fy21","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/great-eastern-energy-corps-net-profit-falls-to-3-million-in-h1fy21\/","title":{"rendered":"Great Eastern Energy Corp&#8217;s net profit falls to $3 million in H1FY21"},"content":{"rendered":"<p>India-focused coalbed methane (CBM) explorer Great Eastern Energy Corp Ltd on Wednesday said its profit in April-September period of this fiscal halved as sales got impacted due to COVID-19 lockdown. <\/p>\n<p>Cash profit came in at USD 3 million (around Rs 22 crore) during the period under review, down from USD 6.18 million a year back, the company said in a statement. <\/p>\n<p>Revenue was down to USD 13.14 million from USD 19.21 million. <\/p>\n<p>London-listed GEECL is not obligated to provide quarterly earnings. <\/p>\n<p>It sold 7.26 million standard cubic feet per day of gas in the six months as compared to 10.91 mmscfd. <\/p>\n<p>&#8220;Due to COVID-19, there was a national lockdown in India from March 23, 2020, until the end of June 2020, which was thereafter gradually relaxed. This had an adverse impact on sales in H1 FY 2020-2021,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India-focused coalbed methane (CBM) explorer Great Eastern Energy Corp Ltd on Wednesday said its profit in April-September period of this fiscal halved as sales got impacted due to COVID-19 lockdown. Cash profit came in at USD 3 million (around Rs 22 crore) during the period under review, down from USD 6.18 million a year back, the company said in a statement. Revenue was down to USD 13.14 million from USD 19.21 million. London-listed GEECL is not obligated to provide quarterly earnings. It sold 7.26 million standard cubic feet per day of gas in the six months as compared to 10.91 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-383697","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=383697"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383697\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}