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NewsPharmaniaga posts Q4 earnings of RM20.8m, dividend 6.2c
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Pharmaniaga posts Q4 earnings of RM20.8m, dividend 6.2c
by hlk Mon 24 Feb 2014, 15:37
KUALA LUMPUR: Pharmaniaga Bhd posted net profit of RM20.81mil in the fourth quarter ended Dec 31, 2013 versus net loss of RM7.93mil a year ago and declared dividend of 6.20 sen a share as it benefited from higher demand of concession and non-concession businesses.
It said on Monday its revenue rose 17.7% to RM567.86mil from RM482.40mil a year ago. Earnings per share were 8.04 sen compared with loss per share of 3.06 sen.
In the financial year ended Dec 31, 2013, its earnings fell 10.5% to RM55.20mil from RM61.71mil in FY12.
The reduced profit was due to lower gross profit and higher operating expenses such as a provision for doubtful debts and lower gross profit margin. Its revenue rose 7.4% to RM1.946bil from RM1.812bil.
It said on Monday its revenue rose 17.7% to RM567.86mil from RM482.40mil a year ago. Earnings per share were 8.04 sen compared with loss per share of 3.06 sen.
In the financial year ended Dec 31, 2013, its earnings fell 10.5% to RM55.20mil from RM61.71mil in FY12.
The reduced profit was due to lower gross profit and higher operating expenses such as a provision for doubtful debts and lower gross profit margin. Its revenue rose 7.4% to RM1.946bil from RM1.812bil.
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