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Pharmaniaga’s profit plunges by 85%

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Pharmaniaga’s profit plunges by 85% Empty Pharmaniaga’s profit plunges by 85%

Post by Cals Tue 19 Nov 2013, 00:03

Pharmaniaga’s profit plunges by 85%
Business & Markets 2013
Written by Zatil Husna of theedgemalaysia.com   
Monday, 18 November 2013 19:10
KUALA LUMPUR (Nov 18): Pharmaniaga Bhd’s profit plunged by 85% to RM3.8 million for the third quarter ended Sept 30 (3Q13) from RM25.2 million in the same period last year.

However, revenue rose to RM440.8 million for the 3Q13, up by 3.4% from RM426.5 million in the same corresponding period last year.

For the nine months period (9M13), the group reported net profit of RM34.4 million, a fall by 50.6% to RM69.6 million previously.

Revenue marginally rose to RM1.37 billion from RM1.32 billion in the same period last year.

The company declared in interim dividend of 3.0 sen per share.
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