Hibiscus records net profit of RM123.28mil, proposes 5-to-2 share consolidation

KUALA LUMPUR: Hibiscus Petroleum Bhd posted a net profit of RM123.28mil in the fourth quarter of its financial year, which was less than half the net profit of RM255.39mil registered in the same quarter in 2022.

This brought the group's earnings per share to 6.13 sen, down from 12.69 sen previously.