KUALA LUMPUR: Pharmaniaga Bhd has allocated a higher capital expenditure (capex) of RM295mil for the financial year 2022 ending Dec 31 (FY22) as compared to RM106.9mil in FY21.
Its chief financial officer Norai’ni Mohamed Ali said the capex allocation would be largely for logistics and distribution which accounted for 61%, followed by the manufacturing sector (36%) and its businesses in Indonesia (3%).
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