Glaxo’s profits diminish by 6% during 2019
MG News | March 11, 2020 at 02:58 PM GMT+05:00
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 | 157,953.47 555.47M | 1.14% 1775.65 |
| ALLSHR | 96,741.22 1,957.60M | 1.16% 1110.83 |
| KSE30 | 48,198.94 249.79M | 1.09% 520.47 |
| KMI30 | 232,694.17 290.89M | 1.31% 3011.94 |
| KMIALLSHR | 65,027.13 1,019.78M | 1.03% 660.37 |
| BKTi | 42,489.56 84.10M | 1.35% 566.75 |
| OGTi | 31,779.36 15.21M | 0.14% 43.57 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 117,475.00 | 118,295.00 116,115.00 | 1650.00 1.42% |
| BRENT CRUDE | 68.01 | 68.16 67.34 | 0.06 0.09% |
| RICHARDS BAY COAL MONTHLY | 84.00 | 0.00 0.00 | -0.40 -0.47% |
| ROTTERDAM COAL MONTHLY | 94.50 | 94.50 94.50 | 0.95 1.02% |
| USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 63.79 | 63.91 63.11 | 0.09 0.14% |
| SUGAR #11 WORLD | 16.14 | 16.27 16.13 | -0.13 -0.80% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Large Scale Manufacturing (LSM)
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|