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Pharmaniaga posts Q1 earnings of RM17.6m


KUALA LUMPUR: Pharmaniaga Bhd posted a 7% dip in earnings to RM17.59mil in its first quarter ended March 31,2018, from RM18.92mil in the year-ago quarter on the back of flattish revenue of RM617.92mil.

The largest portion of the group's profit was attributed to the manufacturing division, which registered a lower profit before tax of RM20mil from RM26mil in the previous year due to lower demand in the concession business and increased R&D expenses.

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