Hibiscus Petroleum's 1Q net profit lifted to RM135.26mil on high energy prices


KUALA LUMPUR: Hibiscus Petroleum Bhd is keeping to a rosy outlook as it is confident the current macro trends driving the high energy prices and strong performing US dollar will continue.

The oil and gas exploration and production company posted a net profit of RM135.26mil in the first quarter of its financial year ended Sept 30, 2022, which was more than triple the net profit in the same quarter last year.

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