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2014 Results: GSK Nigeria reports 36% drop in profits

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 PLC 2014 FY 2013 FY %age Change
N’m N’m
Income Statement
Revenue 30,521 29,184 4.6%
Gross Profit 10,735 11,602 -7.5%
Profit Before Tax    2,753    4,315 -36.2%
Profit after Tax    1,849    2,919 -36.6%
Net Assets 12,948 12,346 4.9%
Retained Earnings 12,418 11,816 5.1%
Cash & Cash Equivalents    1,697    3,918 -56.7%
Eps (N) 1.93 3.05 -36.7%
Dps (N) 0.75 1.3 -36.7%

 

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