GlaxoSmithKline Pharmaceuticals Q2 net profit at Rs.96.43 Crores

GlaxoSmithKline Pharmaceuticals Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 964.30 million for the quarter ended June 30, 2007 where as the same was at Rs 910.60 million for the quarter ended June 30, 2006. Total Income (Net of Excise) for the quarter ended June 30, 2007 is Rs 4268.20 million where as the same was at Rs 4256.50 million for the quarter ended June 30, 2006.

The growth in Sales of the ongoing businesses was 5.2% and in Profit before Tax and Exceptional Items was 8.8%. The growth was primarily driven by focus products which registered a double digit growth. The figures for the current period are not comparable with those of the previous period in view of the sale of the Animal Health business on July 31, 2006.

The company has reported an Earnings Per Share (EPS) of Rs.11.4 for the Quarter ending June 30, 2007 compared to Rs.10.8 for Quarter ending June 30, 2006.

Source : Equity Bulls

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