Duopharma net profit rises 15% in 1Q

Duopharma Biotech group managing director Leonard Ariff Abdul Shatar

KUALA LUMPUR: Duopharma Biotech Bhd’s net profit rose 15.2% to RM20.29mil in the first quarter ended March 31 against RM17.61mil a year ago on higher sales.

The pharmaceutical group saw its revenue rise 11.7% to RM185.94mil from RM166.45mil a year prior. Its earnings per share for the quarter stood at 2.19 sen, compared with 1.90 sen last year.