MEDPLUS HEALTH SERV LTDPanjang
medplus
reported a surge in first-quarter profit on Friday, driven by growth in the organised retail pharmaceutical sector.
MedPlus, which sells medicines online and in retail stores, said consolidated net profit rose 3.8 times to 143.6 million rupees ($1.7 million) for the quarter ended June 30.
Growth in the retail pharmaceutical sector has improved and is expected to sustain, according to analysts, as an improvement in medical infrastructure has resulted in better access to these platforms.
Analysts also pointed to the launch of new drugs and medical devices for the profit jump.
MedPlus, which sells medicines online and in retail stores, said consolidated net profit rose 3.8 times to 143.6 million rupees ($1.7 million) for the quarter ended June 30.
Growth in the retail pharmaceutical sector has improved and is expected to sustain, according to analysts, as an improvement in medical infrastructure has resulted in better access to these platforms.
Analysts also pointed to the launch of new drugs and medical devices for the profit jump.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.