Hibiscus optimistic as revenue crosses RM2bil for first time

Hibiscus Petroleum issued a cautionary note that its financial performance was impacted by external macroeconomic factors.

PETALING JAYA: Hibiscus Petroleum Bhd is confident of building on its operational track record developed in Malaysia and the United Kingdom to deliver an optimal performance in a strong oil price environment.

It added the recent issuance of the production consent for the Teal West Development for its subsidiary, Anasuria Hibiscus UK Ltd, which the group sees as a positive tangible signal of the UK government prioritising energy security in its economic policy, will positively impact its UK business activities over the coming months.