Glaxo’s profits diminish by 6% during 2019

News Image

By MG News | March 11, 2020 at 02:58 PM GMT+05:00

0:00

March 11, 2020 (MLN): GlaxoSmithKline Pakistan Limited has announced the financial results for the year ended December 31, 2019, which show that the company has earned profits of Rs. 3.04 billion (EPS: Rs. 9.55), i.e. around 6% lower than those of previous year.

The company also announced a Cash Dividend for the period at Rs. 6 per share i.e. 60%.

The company’s topline earning surged by 7.5%, while cost of sales increased by 12.8%, causing the gross profit to fall by 8.3%. On the other hand, the non-core income surged by 35% whereas non-core expenses fell by merely 1%.

Financial Results for the year ended March 31, 2019 ('000 Rupees)

 

Dec-19

Dec-18

% Change

Sales

36,581,749

34,006,840

7.57%

Cost of Sales

(28,870,246)

(25,593,240)

12.80%

Gross Profit

7,711,503

8,413,600

-8.34%

Selling, marketing and distribution expenses

(3,320,549)

(3,571,512)

-7.03%

Administrative expenses

(1,098,946)

(1,076,631)

2.07%

Other operating expenses

(393,563)

(397,582)

-1.01%

Other income

1,991,462

1,471,634

35.32%

Profit from operations

4,889,907

4,839,509

1.04%

Finance cost

(289,611)

(147,392)

96.49%

Profit before taxation

4,600,296

4,692,117

-1.96%

Taxation

(1,559,173)

(1,460,195)

6.78%

Profit after taxation

3,041,123

3,231,922

-5.90%

Earnings per share (Rupees)

9.55

10.15

-5.91%

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,760.00 108,105.00
107,505.00
-475.00
-0.44%
BRENT CRUDE 66.41 66.63
66.34
-0.33
-0.49%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.74 65.02
64.67
-0.37
-0.57%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg