Higher operating costs weigh on Pharmaniaga Q3 earnings


Pharmaniaga said on Wednesday its Q3 FY19 revenue rose by 22% to RM716.85mil from RM587.66mil a year ago, mainly due to stronger demand from the concession and non-concession businesses.

KUALA LUMPUR: Pharmaniaga Bhd posted lower net profit of RM481,000 compared with RM15.05mil a year ago as it was impacted by higher operating costs.

Pharmaniaga said on Wednesday its revenue rose by 22% to RM716.85mil from RM587.66mil a year ago, mainly due to stronger demand from the concession and non-concession businesses. Earnings per share were 0.18 sen compared with 5.79 sen.

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