KUALA LUMPUR (Feb 3): Hibiscus Petroleum Bhd said it had issued an amended announcement about its Sept 30, 2011 financial results on Thursday to clarify a typographical error in the summary page of the results released on Nov 29, 2011.
"We wish to emphasise that the full unaudited interim financial report for the six months ended Sept 30, 2011, which was an integral part of the results and was attached to the same announcement of Nov 29, 2011, reflected the true and fair loss position of the group," it said in a follow-up statement on Friday.
Hibiscus Petroleum also clarified that the group did not incur additional expenditure which resulted in losses for Sept 30, 2011 that was not reported until Feb 2, 2012.
"The loss position of the group was in fact reported in the full unaudited interim financial report announced to Bursa Malaysia Securities Bhd on Nov 29,
2011," it said on Friday.
It had stated in the Nov 29 announcement it posted net profit of RM1.27 million for the quarter ended Sept 30, 2011. However, it clarified on Thursday it had instead posted losses.
"We wish to emphasise that the full unaudited interim financial report for the six months ended Sept 30, 2011, which was an integral part of the results and was attached to the same announcement of Nov 29, 2011, reflected the true and fair loss position of the group," it said in a follow-up statement on Friday.
Hibiscus Petroleum also clarified that the group did not incur additional expenditure which resulted in losses for Sept 30, 2011 that was not reported until Feb 2, 2012.
"The loss position of the group was in fact reported in the full unaudited interim financial report announced to Bursa Malaysia Securities Bhd on Nov 29,
2011," it said on Friday.
It had stated in the Nov 29 announcement it posted net profit of RM1.27 million for the quarter ended Sept 30, 2011. However, it clarified on Thursday it had instead posted losses.
