Pharmaniaga posts 1Q profit vs loss in 4QFY12

Business & Markets 2013
Written by theedgemalaysia.com
Wednesday, 15 May 2013 17:00
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KUALA LUMPUR (May 15): PHARMANIAGA BHD [] (Pharmaniaga), in
its first quarter ended 31 March 2013, posted a profit after tax (PAT) of
RM25.2 million compared with the loss after tax of RM7.5 million
recorded in its preceding quarter.
The company delivered these results on the back of an improved
turnover of RM500.3 million, a 3.7% increase compared with the fourth
quarter of 2012.
The group’s earnings per share (EPS) of 21.1 sen was a significant
increase compared with the preceding quarter’s negative EPS, while net
assets per share stood at RM4.12 (31 December 2012: RM4.01).
The board of directors has declared a dividend of 7.5 sen per share.
Tan Sri Lodin Wok Kamaruddin, chairman of Pharmaniaga, said, “We
achieved better operational efficiency in our domestic as well as
overseas businesses. In addition, we recorded an increase in revenue
as a result of heightening demand from both the Government as well as
private sectors.
“As such, we are indeed on track to sustain our growth momentum for
the rest of the year.”