BUSINESS

DUOPHARMA POSTS HIGHER EARNINGS, REVENUE IN FIRST QUARTER

21/05/2019 05:51 PM

KUALA LUMPUR, May 21 (Bernama) -- Duopharma Biotech Bhd’s net profit rose to RM14.47 million in its first quarter ended March 31, 2019, from RM10.65 million in the same period a year earlier.

Revenue for the quarter increased to RM150.39 million against RM13.26 million a year earlier in line with improved market demand during the period.

Group managing director Leonard Ariff Abdul Shatar said the results reflected increased demand from the public and private health sectors and also helped by government’s initiative to increase allocation for health services in the 2019 budget. 

“We will sharpen our focus to deepen and widen the introduction of speciality products as one of the group’s key strategies moving forward to create a pool of niche products,” he said in a statement today. 

Barring any unforeseen circumstances, Duopharma is expected to achieve satisfactory results in the financial year ending Dec 31, 2019.  

The group has not recommended any interim dividend for the current financial quarter ended March 31, 2019.

-- BERNAMA

 

 

 

 


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