31 January 2024

Pharmaniaga Berhad’s Indonesian subsidiary, PT Millennium Pharmacon International Tbk (PT MPI) shone as the Best Stock of 2024 in the top-notch small consumer sector, awarded by at Hotel Artotel Mangkuluhur, Jakarta recently. The evaluation, covering 903 listed stocks on the Bursa Efek Indonesia (BEI) until December 2023, considered financial performance and stock price growth from January to December 2023, with stock liquidity playing a crucial role in determining the winners. Director of PT Infovesta Utama, Parto Kawito, explained that the initial selection criteria included being listed on BEI for at least 5 years, a daily transaction average of at least IDR 1 billion, and no special notation from BEI until the specified data processing date. Financial performance, accounting for 40%, was assessed based on trends in revenue and net profit growth, gross profit margin, operating profit growth, cash flow from operations, and ROE/ROA growth over 5 years.
PT MPI’s recognition for the Best Stock Award 2024 undoubtedly acknowledges the outstanding performance of the company, indirectly to all employees who have contributed their best to the organisation. Heartiest congratulations to PT MPI for this well-deserved recognition as this award reflects a spirit of continuous growth, progress, and a sustainable positive contribution towards providing the best for all shareholders and stakeholders. May PT MPI continue to grow and strive for better performance in the future!