Pharmaniaga to spend RM174mil capex this year


  • Business
  • Wednesday, 24 Apr 2019

Pharmaniaga said the consistently high demand from government hospitals enabled it to boost its year-on-year revenue to RM1.8bil, a 4.5% jump from the RM1.7bil recorded in the corresponding nine months last year.

PETALING JAYA: Pharmaniaga Bhd has earmarked RM174mil in capital expenditure this year for product innovation and new manufacturing plants for oncology and vaccine related products.

Managing director Datuk Farshila Emran said the medical group is planning to introduce 250 products in the next five years ranging from oncology and vaccine to phytomedicine.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

FBM KLCI pushes past 1,600
Ringgit opens higher against US$, other major currencies
KLK's recruitment issues to be short-lived, say analysts
Renewed bets on Fed cuts boost KLCI to 1,600
Wall Street closes higher for third session on rate cut optimism
Trading ideas: Ho Hup, Favelle, KKB, Nice, Sunzen Biotech, Sin-Kung, Ireka, Malaysian Genomics, RHB, Seng Fong
RBA to maintain key rate to restrain price pressures
Optus names Stephen Rue as new chief executive
ADB gets highest net income allocation in history
Century-old association continues moving with the times

Others Also Read