MGRC reports almost 10-fold profit jump in 3Q

Noor Azri Noor Azerai

KUALA LUMPUR: Malaysian Genomics Resource Centre Bhd’s (MGRC) net profit surged almost 10-fold to RM1.96mil in the third quarter ended March 31 from RM200,000 a year earlier.

The higher profit was led by a higher margin generated by the distribution of immunotherapy and cell therapies.