KUALA LUMPUR: Pharmaniaga Bhd has recorded a pre-tax profit of RM15.646 million for the third quarter ended Sept 30, 2011 compared with RM15.405 million in the previous corresponding quarter.
Its revenue rose to RM371.432 million from RM334.337 million.
For the first nine months, Pharmaniaga delivered an improved pre-tax profit of RM56.818 million compared with RM48.163 million while turnover rose to RM1.153 billion from RM1.002 billion.
In a statement today, Pharmaniaga Chairman Tan Sri Lodin Wok Kamaruddin said though the third quarter results were modest in nature, it resulted in a significant improvement in profit before tax as well as turnover on a nine-month basis.
"As we look to close the final quarter of this financial year we hope to see further gains to our bottom line.
"What is most important is that we are strengthening systems, working at ways to improve cost management, aligning synergies particularly with the recent acquisition of Idaman Pharma Manufacturing Sdn Bhd.
"Moving forward, we are optimistic of domestic growth while we expect to see regional growth in the foreseeable future," he said. - Bernama
Its revenue rose to RM371.432 million from RM334.337 million.
For the first nine months, Pharmaniaga delivered an improved pre-tax profit of RM56.818 million compared with RM48.163 million while turnover rose to RM1.153 billion from RM1.002 billion.
In a statement today, Pharmaniaga Chairman Tan Sri Lodin Wok Kamaruddin said though the third quarter results were modest in nature, it resulted in a significant improvement in profit before tax as well as turnover on a nine-month basis.
"As we look to close the final quarter of this financial year we hope to see further gains to our bottom line.
"What is most important is that we are strengthening systems, working at ways to improve cost management, aligning synergies particularly with the recent acquisition of Idaman Pharma Manufacturing Sdn Bhd.
"Moving forward, we are optimistic of domestic growth while we expect to see regional growth in the foreseeable future," he said. - Bernama
