Hibiscus Petroleum Berhad Second Quarter 2024 Earnings: EPS: RM0.13 (vs RM0.088 in 2Q 2023)
Hibiscus Petroleum Berhad (KLSE:HIBISCS) Second Quarter 2024 Results
Key Financial Results
Revenue: RM627.6m (down 12% from 2Q 2023).
Net income: RM102.3m (up 45% from 2Q 2023).
Profit margin: 16% (up from 9.9% in 2Q 2023). The increase in margin was driven by lower expenses.
EPS: RM0.13 (up from RM0.088 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hibiscus Petroleum Berhad Earnings Insights
Looking ahead, revenue is expected to fall by 3.2% p.a. on average during the next 3 years compared to a 1.8% decline forecast for the Oil and Gas industry in Asia.
Performance of the market in Malaysia.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Hibiscus Petroleum Berhad (including 1 which is significant).
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