Hemas pharma subsidiary changes name to Morison PLC

Hemas group pharmaceutical making subsidiary JL Morison Son & Jones has changed its corporate name to Morison PLC with effect from August 17, 2017.

The healthcare operations of the Hemas group, which include two hospitals of Morison PLC, recorded a net profit of Rs.509.9 million for the most recent quarter that ended June 30, 2017, up from Rs.352.41 million year-on-year (YoY) on a revenue of Rs.5.2 billion, compared to Rs.4.3 billion YoY.

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