PC Pharma to list 101 million shares on CSE

Saturday, 7 January 2012 02:13 - - {{hitsCtrl.values.hits}}

PC Pharma Pvt. Ltd. is to list 101 million shares on the Colombo Stock Exchange through an introduction.

The company is a leading pharmaceutical company and markets a wide range of internationally-reputed medicines, biomedical devices, medical equipment, nutraceuticals and cosmetics augmented by value added services.

The company is a subsidiary of PCH Holdings of which PC House Pvt. Ltd., an IT solutions specialist, is the flagship company. The CSE announced that the company’s ordinary shares would be granted a listing on or before the third market day upon receipt of a declaration from the company.

The company lists its key competitive strengths as being financial stability, marketing skills, creative focus and superior networking arrangements with key stakeholders within and outside the industry. PC Pharma’s marketing processes comply with ISO 9001:2000 standards.

PC House shares are trading at Rs. 12.90 to Rs. 13 levels and 140,900 shares were traded yesterday contributing Rs. 1.8 million to market turnover. The company saw revenue grow 25% to Rs. 1.95 billion in the six months to September 2011 as profits grew 16% to Rs. 104 million over the same period last year.

PC House’s market capitalisation is Rs. 2.97 billion, 0.13% of the total market capitalisation of the Colombo market.

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