Malaysia's first special purpose acquisition company, Hibiscus Petroleum Bhd, is optimistic of better profit in the financial year ending June 30, 2016, boosted by several acquisitions.
Among its recent acquisitions were substantial interest in the Anasuria cluster in the North Sea, UK and the West SeaHorse field, Australia.
According its 2014/2015 annual report, the economic interest derived from Anasuria deal will be back dated to Jan 1, 2015 and the acquisition of the cluster is expected to be completed only in the first quarter of 2016.
For the first quarter ended Sept 30, 2015, Hibiscus posted a pre-tax profit of RM4.76mil compared with a pre-tax loss of RM9.97mil previously.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
Among its recent acquisitions were substantial interest in the Anasuria cluster in the North Sea, UK and the West SeaHorse field, Australia.
According its 2014/2015 annual report, the economic interest derived from Anasuria deal will be back dated to Jan 1, 2015 and the acquisition of the cluster is expected to be completed only in the first quarter of 2016.
For the first quarter ended Sept 30, 2015, Hibiscus posted a pre-tax profit of RM4.76mil compared with a pre-tax loss of RM9.97mil previously.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment