Established Since 21 April 2022

Koperasi Farmasi Pulau Pinang Berhad

We have come together community pharmacy owners to form one of the strongest community pharmacy group in the industry.

ABOUT KFPPB

Koperasi Farmasi Pulau Pinang Berhad (KFPPB) was established 21 April 2022 with the registration number 2022266506804 to be the one-stop procurement solution for healthcare related needs encompassing community pharmacies, clinics and hospitals in Malaysia.

KFPPB aims to build a relationship between pharmacies in Malaysia, so that we could upskill and develop the skills needed to remain competitive. We will support local healthcare SMEs by providing supplier chain to them and allow them to have sustained economic growth.

KFPPB intends to collaborate with other healthcare professionals to ensure excellent quality of medical care and improve health outcomes.

KFPPB plays a role of distributor that helps to deal with local suppliers, import and supply to all our members including pharmacies and clinics through our digital platform. We would like to build partnerships with local manufacturers to create new opportunities and markets for contemporary products including controlled medicines, over the counter products, vitamins, supplements, rehabilitation, and surgical instruments as well as other health related products.

Currently, KFPPB consists of 38 members with a present fund of RM50,000. We planned to expand our koperasi and achieved a total of 100 members in Penang before the end of 2023, and then 1,000 members throughout Malaysia within 5 years. Our estimated setup fund would be RM200,000 and we may need another RM800,000 fund from investors. The fund will be utilized by purchasing or setting up a new wholesale center, as well as the recruitment of operative staff.

Our Analytical Approach

To achieve a growth rate of 30% in the first 5 years, KFPPB as a business distributions centre seek to set up our service throughout West Malaysia which may cover Perak, Selangor, Melaka, Kedah, Negeri Sembilan and Johor. In 2023, we estimate to achieve a RM2,500,000 revenue with RM500,000 gross profit and RM100,000 net profit. After further expanding our koperasi, we estimate to achieve a RM10,000,000 in revenue with gross profit of RM2,000,000 and a net profit of RM400,000 in the next 5 years. Our goal is to achieve a 10% Return on Investment (ROI) every year. The profit of our corporate would be divided into reinvestment (50%) and also dividend (50%) to our KFPPB members.