By KINIBIZ
Pharmaniaga Berhad today released their fourth quarter results announcing that it made a loss of RM7.47 million in the fourth quarter of 2012, in contrast to a profit of RM12.18 million for the previous corresponding quarter. Despite this setback the company recorded a cumulative profit of RM63.21 million for the fiscal year of 2012.
The company also announced that it would be proposing a share split and proposing a bonus issue.
Currently the issued and paid up share capital of the company stands at 117.67 million shares of RM1 each. Following the proposed split, it will have 235.35 million shares of 50 sen each. 
In addition to this Pharmaniaga has also put forward a proposed bonus issue to be implemented together with the proposed share split. It is being proposed that bonus shares be issued at the subdivided par value of 50 sen on the basis of one bonus share per every 10 subdivided shares.
Pharmaniaga says the purpose of the proposed share split is to adjust the market price of the ordinary shares in order to make investing in the company more accessible to a wider range of investors. The proposed bonus issue aims to increase the capital base of the company to better reflect the scales of its operations.
The proposals will have to be approved by Bursa Securities and shareholders at an extraordinary general meeting.
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