Pharmaniaga Berhad Reports Second Quarter 2024 Earnings

Pharmaniaga Berhad (KLSE:PHARMA) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM838.3m (down 1.2% from 2Q 2023).
• Net income: RM2.80m (up 43% from 2Q 2023).
• Profit margin: 0.3% (up from 0.2% in 2Q 2023). The increase in margin was driven by lower expenses.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pharmaniaga Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Healthcare industry in Malaysia.

Performance of the Malaysian Healthcare industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Pharmaniaga Berhad (including 1 which is significant).

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