KUALA LUMPUR (Feb 3): Hibiscus Petroleum Bhd shares dipped in early trade on Friday after the company clarified that it had posted net losses of RM1.27 million for the quarter ended Sept 30, 2011 instead of net profit.
At 9.05am, Hibiscus fell four sen to RM1.51 with 601,500 shares traded.
In its amended financial statements on Thursday, Hibiscus said the net losses were due to the higher expenditure.
It also said it posted net losses of RM13,000 in the quarter ended Sept 30, 2010 instead of a net profit of RM13,000.
At 9.05am, Hibiscus fell four sen to RM1.51 with 601,500 shares traded.
In its amended financial statements on Thursday, Hibiscus said the net losses were due to the higher expenditure.
It also said it posted net losses of RM13,000 in the quarter ended Sept 30, 2010 instead of a net profit of RM13,000.
