Auditor casts doubt over Pharmaniaga

KUALA LUMPUR: Pharmaniaga Bhd’s independent auditor has issued a material uncertainty that may cast significant doubt on the group’s ability to continue as a going concern in respect of the group’s financial statements for the financial year ended Dec 31, 2023 (FY23).

In its report on March 29, 2024, the independent auditor Messrs PricewaterhouseCoopers PLT indicated that the group and company incurred net losses of RM78.7mil and RM63.3mil, respectively, in FY23.