HLIB Research said interest savings from borrowings could also help to preserve future cash flow to meet the group’s operational needs.
KUALA LUMPUR: Pharmaniaga Bhd
has secured a contract from the Health Ministry (MOH) to provide medical supply logistics services.
In a filing with Bursa Malaysia, Pharmaniaga said the MOH issued a letter dated July 12 to its wholly owned subsidiary, Pharmaniaga Logistics Sdn Bhd (PLSB) for the contract.
The contract is for a period of seven years, commencing from July 1, 2023 to June 30, 2030.
“Following the issuance of the letter, the interim period which commenced on Dec 1, 2019 to provide the services for the provision of medicines and medical supplies has ended.
“While MOH and PLSB finalise the terms of the new medical supply logistics services agreement, PLSB will continue to support and render its services to MOH based on the agreed salient terms,” it said.
