As at 31 December 2012, Caring has a total number of 76 community pharmacies operating under the name of 'CARiNG". For FYE 31 May 2012, Caring achieved revenue of RM248.28m, or on average RM3.27m/ pharmacy.
RM[x]m, representing approximately 41.15% of the gross proceeds will be utilised towards expansion of new community pharmacy outlets, setting up 25 to 30 new community pharmacies in Peninsula Malaysia.
Major suppliers (supplies more than 10% of total products offering)
Zuellig Pharma Sdn Bhd
DKSH Malaysia Sdn Bhd
Shopping complex: RM3.86m/outlet
Street outlet: RMRM2.89m/outlet
Specialised retail centre: RM2.35m/outlet
Capital and Set-up Costs
The barriers to entry into the community pharmacy industry are relatively low based on capital requirements (excluding land and building)
The capital requirements of setting-up an independent community pharmacy would be between RM200,000 to RM400,000 which includes both renovation costs (fixtures and fittings) and stocks. An independent community pharmacy of this size is estimated to generate revenue of approximately RM0.5m to RM3m per year
At this level of entry, the set-up cost is for one outlet size of a typical shop-lot of approximately 1,700 square feet.
Separating Prescribing and Dispencing Functions
Medical practitioners are currently allowed to dispense medicine for the treatment of their patients. However, the Malaysian National Medicines Policy under the Ministry of Health recognises the importance and the need of separating prescribing and dispensing functions in the future.
If the separation materialises, a significant proportion of scheduled drugs currently prescribed by medical practitioners and dispensed by healthcare institutions, will be dispensed through community pharmacies. This would have a significant and positive impact on the community pharmacy industry in Malaysia.
Recommended Requirements for Pharmacists
According to the World Health Organisation, in order for optimal healthcare to be delivered in a developed nation, a 1:2000 pharmacist-to-population ratio is recommended.
Based on a population of 29.3m in 2012, the recommended requirement for pharmacists in Malaysia is approximately 14,650 pharmacists.
In 2012, there were 9,886 fully registered pharmacists and 1,208 provisional registered pharmacists in Malaysia, compared to the estimated national requirement of 14,650 pharmacists.
Percentage of cost of sales to revenue was within the range from 72.77% to 74.17%
Selling and distribution expenses (including staff cost, rental of premises) is an average of approximately 12% of total revenue
Administrative expenses (directors' remuneration, printing and stationery, purchase of small value assets, telephone charges, general purpose and staff related insurance, fees for professional services, staff costs) have contributed an average of approximately 7.5% of total revenue
Depreciation of property, plant and equipment represent about 5% of the total operating expenses