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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Toyota still has the drive
Hurdles in DBS’ Alliance Bank bid
Metals keep shining bright
Retailers get a lift from Sara
iCents eyes Asean
Ringgit likely to trade within narrow range next week ahead of BNM OPR decision
Reading the market signals
Breathing new life into forgotten spaces
Urban harmony: Can stakeholders row together?
China’s gold rush continues

Others Also Read