SECOND State Finance Minister Datuk Seri Masidi Manjun said the Sabah Government remains fully committed in pursuing all its constitutional and legislative rights to recover the State Sales Tax (SST) due for the sale of petroleum products from both Repsol Oil & Gas M Ltd (Repsol) and SEA Hibiscus Sdn Bhd (SEAH), in accordance with the State Sales Tax Enactment, 1988
Hibiscus Petroleum Bhd's net profit in the third quarter ended March 31, 2022 soared nearly 10-fold to RM307.54 million from RM32.03 million a year ago, supported by the newly acquired assets, high average realised oil price, coupled with careful management of costs and efficient operational performance.
PETALING JAYA: Hibiscus Petroleum Bhd’s completed acquisition of Fortuna International Petroleum Corp (FIPC) from Repsol is a positive development as this will transform the group’s earnings trajectory.
Hibiscus completes acquisition of Fortuna thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.