Pharmaniaga data 3Q web revenue of RM49.84mil on hovering income

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KUALA LUMPUR: Pharmaniaga Bhd recorded a web revenue of RM49.84mil within the third quarter ended Sept 30, 2021, as in comparison with simply RM1.44mil within the earlier corresponding quarter following a bounce in group income, pushed by gross sales of the Sinovac Covid-19 vaccine.

The prescribed drugs group reported earnings per share of three.81 sen in comparison with 0.11 sen in 3QFY20.

It declared a 3rd interim dividend of two sen per share, which introduced year-to-date payout to 4.3 sen per share.

The dividend goes ex on Dec 6, 2021, and is payable on Dec 29, 2021.

Pharmaniaga’s group income got here to RM2.13bil, which was greater than thrice RM624.8mil posted within the year-ago quarter, underpinned by constructive progress throughout its concession, non-concession and Indonesian companies.

Non-concession gross sales had been primarily pushed by the Sinovac Covid-19 vaccine, of which 20.4 million doses had been delivered to the Well being Ministry and two million delivered to the non-public sector.

Transferring ahead, Pharmaniaga is ready to provide 10 million doses of Sinovac booster pictures to the Well being Ministry and personal market.

In accordance with Pharmaniaga, The booster shot was accredited by the Drug Management Authority on Nov 17, 2021 for about 11 million Sinovac vaccine recipients within the nation.

Additional to the event of the Sinovac vaccine, Pharmaniaga is concerned within the Sinovac International Medical Trial for kids aged 3-11 years.

It mentioned the research to guage efficacy and security in younger youngsters has began in November and the interim efficacy outcomes are anticipated to be prepared in early 2022.

In its different operations, the group is organising an insulin manufacturing plant to deal with non-communicable ailments, complementing its market presence within the cardiovascular and fundamental diabetic vary.

The manufacturing facility will produce pre-filled insulin cartridges within the type of self-administered ‘Pens’, and

anticipated to be prepared in 2025.

As for the concession of logistics and distribution enterprise, the group will proceed to hold out its duties and tasks because the Well being Ministry’s logistics accomplice till Nov 30, 2024.

“A collection of discussions and negotiations for the renewal of the concession has been carried out and the end result may be very

constructive,” mentioned the group

In Indonesia, plans are underway to transform the enterprise operations, significantly PT Millennium Pharmacon Worldwide Tbk so as to stay aggressive and achieve higher profitability.



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