Pharmaniaga touting stability to potential investors

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Pharmaniaga touting stability to potential investorsExecutives at Malaysian pharmaceutical company Pharmaniaga say that the company is set to make up 10% of its majority stakeholder’s business in 2011, and 15% of business within the next five years.  Boustead Group owns approximately 97% of the company, but is looking to reduce its contribution to about 75% to satisfy regulators.

Pharmaniaga has standing orders of about RM800 million, with about 60% of its business coming from the public sector.  The company also plans to spend about RM40 million in capital expenditures this year, including beginning the process of halal-certification at its manufacturing plants.  Profits in 2009 were about RM81 million, but dropped to RM45 million in 2010.

 

 

Executives at Malaysian pharmaceutical company Pharmaniaga say that the company is set to make up 10% of its majority stakeholder’s business in 2011, and 15% of business within the next five years.  Boustead Group owns approximately 97% of the company, but is looking to reduce its contribution to about 75% to satisfy regulators. Pharmaniaga has standing orders of about RM800 million, with about 60% of its business coming from the public sector.  The company also plans to spend about RM40 million in capital expenditures this year, including beginning the process of halal-certification at its manufacturing plants.  Profits in 2009 were...

Pharmaniaga touting stability to potential investorsExecutives at Malaysian pharmaceutical company Pharmaniaga say that the company is set to make up 10% of its majority stakeholder’s business in 2011, and 15% of business within the next five years.  Boustead Group owns approximately 97% of the company, but is looking to reduce its contribution to about 75% to satisfy regulators.

Pharmaniaga has standing orders of about RM800 million, with about 60% of its business coming from the public sector.  The company also plans to spend about RM40 million in capital expenditures this year, including beginning the process of halal-certification at its manufacturing plants.  Profits in 2009 were about RM81 million, but dropped to RM45 million in 2010.

 

 

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