Pharmaniaga sees earnings boost from Indon unit
PHARMANIAGA Bhd sees double-digit growth in revenue for the financial year ending December 2005, boosted by earnings contribution from its 55%-owned Indonesian unit PT Millennium Pharmacon International (MPI), said managing director Azhar Hussain.
For 2004, the pharmaceutical firm’s pre-tax profit rose to RM81.8mil from RM66.8mil a year ago, while sales increased to RM800mil from RM632.6mil previously. Net profit for 2004 stood at RM50.8mil compared with RM40.8mil a year earlier.
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