GLAXO manifests 9.3% growth in bottom-line earnings for FY18

Dec-18

Dec-17

% Change

Net sales

34,006,840

32,773,770

3.76%

Cost of sales

-25,593,240

-24,095,384

6.22%

Gross profit

8,413,600

8,678,386

-3.05%

Selling, marketing and distribution expenses

-3,571,512

-3,278,792

8.93%

Administrative expenses

-1,076,631

-982,786

9.55%

Other operating expenses

-397,582

-439,456

-9.53%

Other income

1,471,634

1,036,344

42%

Operating profit

4,839,509

5,013,696

-3.47%

Financial charges

-147,392

-88,282

66.96%

Profit before taxation

4,692,117

4,925,414

-4.74%

Taxation

-1,460,195

-1,898,180

-23.07%

Profit after taxation from continuing operations

3,231,922

3,027,234

6.76%

Profit/(Loss) after taxation from discontinuing operations

26,029

-46,211

Total profit after taxation

3,257,951

2,981,023

9.29%

Earnings per share - continuing operations

10.15

9.51

6.73%

Earnings per share - discontinuing operations

0.08

-0.15

Earnings per share

10.23

9.36

9.29%