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Pharmaniaga Shares Fell on Wider 3Q Net Loss, Financial Restructuring Plan

Por: MarketWatch Business November 30, 2023

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Pharmaniaga said late Wednesday that its third-quarter net loss widened to MYR49.34 million ($10.6 million), compared with a loss of MYR13.99 million in the same period a year earlier, mainly weighed by a one-off provision of MYR65.2 million for expiring pandemic-related consumables inventory. Quarterly revenue was 1.1% lower on year at MYR885.5 million. It also announced a capital reduction plan involving the cancellation of MYR180 million... + full article



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