Pharmaniaga net profitup on higher revenue

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’s net profit rose 11.5% to RM19.6mil for the first quarter ended March 31, 2019, from RM17.6mil in the corresponding period last year.

During the quarter in review, the group saw its revenue grow 27.2% to RM786.1mil from RM617.9mil in the previous corresponding period.