Glaxo’s profits diminish by 6% during 2019

09:58
March 11, 2020
MG

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

Posted on: 2020-03-11T14:58:00+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
2	EUR	1.06938	1.06943	1.06943	1.06938	04:32 PM
3	GBP	1.24943	1.24956	1.24956	1.24943	04:32 PM
4	CHF	0.91400	0.91440	0.91440	0.91400	04:32 PM
5	JPY	157.97700	157.99400	157.99400	157.97700	04:32 PM
6	CAD	1.36660	1.36710	1.36710	1.36660	04:32 PM
7	AUD	0.65339	0.65344	0.65344	0.65339	04:32 PM
8	INR	83.40110	83.40160	83.40160	83.40110	04:32 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	01:32 AM
10	AED	3.67280	3.67300	3.67300	3.67280	01:31 AM
11	HKD	7.82740	7.82750	7.82750	7.82740	04:32 PM
12	CNH	7.26951	7.26959	7.26959	7.26951	04:32 PM
13	CNY	7.24640	7.24650	7.24650	7.24640	09:11 PM
14	THB	36.98000	37.00000	37.00000	36.98000	04:32 PM
15	MYR	4.76500	4.77000	4.77000	4.76500	04:58 AM
16	IDR	16,232.00000	16,250.60000	16,250.60000	16,232.00000	04:32 PM
17	SGD	1.36224	1.36251	1.36251	1.36224	04:32 PM
18	NZD	0.59404	0.59411	0.59411	0.59404	04:32 PM
19	MXN	17.14420	17.17420	17.17420	17.14420	04:32 PM
20	TRY	32.46770	32.47770	32.47770	32.46770	04:32 PM
21	SEK	10.94530	10.95130	10.95130	10.94526	04:32 PM
22	ZAR	18.78730	18.81980	18.81427	18.80477	04:32 PM
23	NOK	11.03140	11.03940	11.03940	11.03140	04:32 PM
24	DKK	6.97310	6.97410	6.97410	6.97310	04:32 PM
25	ARS	874.74200	874.75000	874.75016	874.74175	04:32 PM
26	BDT	108.01100	111.36500	111.36523	108.01142	07:19 AM
27	BHD	0.37698	0.37713	0.37713	0.37698	06:54 PM
28	BRL	5.11640	5.11940	5.11940	5.11640	04:32 PM
29	KRW	1,376.40000	1,378.36000	1,378.36000	1,376.40000	04:32 PM
30	KWD	0.30808	0.30818	0.30818	0.30808	01:03 AM
31	LKR	292.57900	299.10100	299.10051	292.57908	07:19 AM
32	OMR	0.38494	0.38509	0.38509	0.38494	06:55 PM
33	QAR	3.64600	3.64800	3.64800	3.64600	01:31 AM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.15810	73.02130	73.02133	71.15807	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:54 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,600.10000	12,665.30000	12,665.30340	12,600.09037	07:19 AM
40	PHP	57.62300	57.76900	57.76900	57.62300	04:31 PM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	07:26 AM
43	KES	134.00000	136.00000	136.00000	134.00000	08:19 AM
44	AMD	388.08000	388.08000	388.08000	388.08000	08:16 AM
45	TWD	32.59100	32.60300	32.60300	32.59100	04:32 PM
46	XAU	2,337.58000	2,338.33000	2,338.33000	2,337.58000	04:32 PM
47	XAG	27.19810	27.20990	27.20990	27.19810	04:32 PM
48	XPT	915.00000	917.40000	917.40000	915.00000	01:32 AM
49	XPD	954.69000	961.57000	961.57000	954.68990	01:31 AM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,770.25000	3,854.09000	3,854.09049	3,770.24515	07:19 AM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	06:47 AM

Data is delayed by 20 minutes

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,862.41	72,742.748	71,764.18	771.347	1.072	302,352,233.0	14,307,377,262.460	26/04/2024 05:12 PM
ALLSHR	47,721.89	47,489.465	47,040.09	314.510	0.667	540,778,150.0	22,562,380,076.020	26/04/2024 05:12 PM
KSE30	24,069.72	24,033.869	23,676.59	284.824	1.199	79,764,833.0	9,454,683,795.040	26/04/2024 05:12 PM
KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,473,781.0	8,715,975,575.960	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	336,036,323.0	17,261,793,362.150	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:12 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,158,963.0	1,843,356,910.500	26/04/2024 05:12 PM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,510.0	65,395.0	63,775.0	-760.00
BRENT CRUDE	EB	89.3	89.8	88.8	0.31
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-1.25
ROTTERDAM COAL MONTHLY	ET	117.5	117.5	117.5	-1.05
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.7	84.5	83.4	0.09
SUGAR #11 WORLD	SB	19.1	19.6	19.0	-0.04

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