KUALA LUMPUR: Hibiscus Petroleum Bhd recorded a higher net profit of RM154.29 million in the first quarter ended Sept 30, 2023 for the financial year ending June 30, 2024( 1Q FY2024), from RM135.26 million in the corresponding quarter of FY2023.In a filing with Bursa Malaysia today, the oil and gas exploration and production company said revenue also improved by 23 per cent to RM746.62 million versus RM604.76 million.A total of 1.4 million barrels( MMbbl) of oil and condensate and 0.6 million ba

KUALA LUMPUR: Hibiscus Petroleum Bhd's net profit in its third financial quarter ended March 31, 2022, leapt nine times to RM307. 54mil from RM32. 03mil in the previous corresponding quarter. The oil and gas exploration and production group reported revenue of RM297. 06mil, a 37.54% increase over RM215. 98mil in 3QFY21. Earnings per share rose to 15.32 sen compared with 1.76 sen in the comparative quarter. The board of directors declared an interim dividend of one sen per share for shareholders

KUALA LUMPUR: Moody's Investors Service has assigned a provisional( P) B1 corporate family rating( CFR) to Hibiscus Petroleum Bhd, which is the first time by ratings agency.... The outlook is stable. The rating agency said on Monday it also assigned a provisional( P) B1 rating to the proposed US$-denominated senior secured bonds to be issued by its unit Hibiscus Capital Ltd. The proposed bonds are irrevocably and unconditionally guaranteed by Hibiscus and some of its subsidiaries, and are secur