Auditor casts doubt on Pharmaniaga's ability as going concern

Pharmaniaga Bhd’s independent auditor has issued a material uncertainty that may cast significant doubt on the group’s ability to continue as a going concern in respect of the group’s financial statements for the financial year ended Dec 31, 2023 (FY2023).

In its report on March 29, 2024, the independent auditor, Messrs PricewaterhouseCoopers PLT, indicated that the group and company incurred net losses of...