Pharmaniaga allocates RM295mil for FY22 capex

KUALA LUMPUR: Pharmaniaga Bhd is allocating RM295 million for the group's capital expenditure (capex) budget in the financial year 2022 (FY2022), compared with RM106.9 million in FY2021.

Chief financial officer Norai'ni Mohamed Ali said the capex allocation would be largely for logistics and distribution which accounted for 61 per cent, followed by manufacturing (36 per cent) and Indonesia (three per cent).