PHARMANIAGA AFFECTED BY LOWER MARGINS

Pharmaniaga Bhd's net profit fell 47% to RM26.9 million in the year ended Dec 31, 2005 from RM50.84 million in the previous year, mainly due to a lower gross profit margin and higher operating expenditure. This was despite a 17.1% jump in revenue to RM936.43 million from RM799.99 million, attributable to the additional revenue from its Indonesian operations, PT Millennium Pharmacon Tbk (MPI).

The Edge Daily (http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_91ed0053-cb73c03a-15cd9c00-3f01fb66)