PHARMANIAGA NET PROFITUP ON HIGHER REVENUE

Medicine Supplier Business In Malaysia
A higher net profit for Pharmaniaga Berhad for the first quarter ended 31 March 2019


PHARMANIAGA Berhad's net profit rose 11.5% to RM19.6 million for the first quarter ended 31 March 2019, from RM17.6 million in the corresponding period last year, The Star Online reported on Friday 17 May 2019.

During the quarter in review, the group saw its revenue grow 27.2% to RM786.1 million from RM617.9 million in the previous corresponding period.

Pharmaniaga said its revenue rose was primarily attributable to stronger demand from government and private hospitals in Malaysia and Indonesia.

The group's earnings per share for the quarter rose to 7.53 sen from 6.77 sen previously.

It announced its first interim dividend of 6 sen per share.

Pharmaniaga is positive on the group's prospects, as it focused on growing its concession and non-concession businesses.

"In particular the group aims to heighten its market presence in the private sector via strategic marketing initiatives," it said in a filing with Bursa Malaysia.

"The group is also focused on strenghtening its Indonesian operations to tap into the immense potential of this market."



by Fauzi Kadir
Permadu Malaysia
2019 All Rights Reserved

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