GlaxoSmithKline Pharmaceuticals Q1 net profit at Rs.1113.20 million

GlaxoSmithKline Pharmaceuticals Ltd has announced the Unaudited results for the quarter ended March 31, 2007.

The Company has posted a net profit of Rs 1113.20 million for the quarter ended March 31, 2007 where as the same was at Rs 1012.30 million for the quarter ended March 31, 2006. Total Income (net of excise) is Rs 4486.60 million for the quarter ended March 31, 2007 where as the same was at Rs 4483.90 million for the quarter ended March 31, 2006.

The growth in sales of the ongoing businesses was 5.1% and in Profit before Tax and Exceptional Items was 7%. The figures for the current quarter are not comparable with those of the previous quarter in view of the sale of the Animal Health business on July 31, 2006.

The stock closed the day at Rs.1161.95, down by Rs.38.65 or 3.22%. The total traded quantity was 38844 compared to 2 week average of 21175. The stock hit an intraday high of Rs.1218.90 and intraday low of Rs.1156.10.

Source : Equity Bulls

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