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2014 Results: GSK Nigeria reports 36% drop in profits

Nairametrics by Nairametrics
April 2, 2015
in Uncategorized
2014 Results: GSK Nigeria reports 36% drop in profits
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GSK Plc released its 2014 FY results showing revenues rose 4.6% to N30.5billion. The company also reported a profit after tax of N1.8b representing a 37% drop from a year earlier. The company also proposed dividend per share of 75kobo. See summary of the results below;

GSK PLC2014 FY2013 FY%age Change
N’mN’m
Income Statement
Revenue30,52129,1844.6%
Gross Profit10,73511,602-7.5%
Profit Before Tax   2,753   4,315-36.2%
Profit after Tax   1,849    2,919 -36.6%
Net Assets12,94812,3464.9%
Retained Earnings12,41811,8165.1%
Cash & Cash Equivalents   1,697   3,918-56.7%
Eps (N)1.933.05-36.7%
Dps (N)0.751.3-36.7%

 

Tags: Nigerian Company Results
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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