KUALA LUMPUR: Drugmaker Pharmaniaga Bhd
said revenue increased 20% in the last quarter on improved demand, but a huge one-time hit on expenses incurred for the Pharmacy Information System (PhIS) resulted in heavy losses for the company.
The company registered a net loss of RM178mil in the December quarter that dragged its full year earnings down to RM42.5mil.
"This loss recorded for the quarter under review is a direct impact of Pharmaniaga fulfilling the contractual obligations of the PhIS under the concession agreement by the Government," it said in a statement today.
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