Hibiscus Petroleum hits record-high oil and gas production for 2Q

Hibiscus Petroleum managing director Kenneth Pereira.

PETALING JAYA: Hibiscus Petroleum Bhd recorded a net profit of RM83.26mil in its second quarter ended Dec 31, 2024 (2Q25), down from the RM102.34mil reported in its previous corresponding quarter.

Earnings per share in 2Q25 slipped to 10.8 sen from 12.72 sen in the comparative quarter.