Media - 2009 - Pharmaniaga Q3 net profit falls 43pc


  
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Pharmaniaga Q3 net profit falls 43pc

Saturday, 14/11/2009

PHARMANIAGA Bhd’s net profit was lower by 42.79 per cent at RM6.06 million in the third quarter ended September 30 2009 compared to RM10.59 million registered in the same period 2008, on account of lower gross profit margins.

Revenue for the period, however, rose 4.99 per cent to RM329.96 million, from RM314.29 million a year ago as concession sales and sales by the Indonesian subsidiary improved.

In the first nine months ended September 30 2009, Pharmaniaga achieved a lower net profit of RM38.28 million, representing a 9.4 per cent drop from RM42.24 million in the first theree quarters of 2008.

For the full year, the group anticipates a slight shortfall in it projected revenue growth and return on equity.

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