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Hibiscus Petroleum 1Q profit lower y-o-y at RM10.78m

Hibiscus Petroleum 1Q profit lower y-o-y at RM10.78m

KUALA LUMPUR (Nov 28): As a result of lower tax credit recognised, Hibiscus Petroleum Bhd’s net profit in the first quarter ended Sept 30, 2017 (1QFY18) was down 86.6% year-on-year to RM10.78 million, from RM80.28 million year-on-year (y-o-y).

Hibiscus received a tax credit of RM1.06 million, as compared to RM72.8 million received in the corresponding quarter last year, its quarterly results filing with Bursa Malaysia showed today.

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