• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

GSK Consumer Nigeria responds to Nairametrics report

Onome Ohwovoriole by Onome Ohwovoriole
March 27, 2019
in Business News, Company News, Markets, Stock Market
GlaxoSmithKline Consumer Nigeria Plc revenues hit ₦16 billion in 2017

GSK Consumer Nigeria Office

Share on FacebookShare on TwitterShare on Linkedin

In a notice sent to the Nigerian Stock Exchange yesterday, GlaxoSmithKline Consumer Nigeria Plc (GSK) responded to a story by Nairametrics pertaining to the company’s declaration of a dividend despite the non-release of its audited financial statements.  

The firm stated that its 2018 full year audited results would be released on or before the 28th of March 2019. 

“The attention of GlaxoSmithKline Consumer Nigeria Plc (GSK) has just been drawn to a publication on the online edition of Nairametrics on the unavailability of our Company’s 2018 Year End Audited Financial Statements despite the publication of the proposed
dividend…

“The 2018 Audited Financial Statements (2018 AFS) is currently undergoing review and would be filed with The Exchange on or before the 28th day of March 2019.”

In addition, the closed period would be maintained, until the results were released. During a closed period, directors, and parties with access to sensitive information can not sell their shares.

RelatedStories

NGX

Here are 15 firms that delisted from the NGX between 2021 and 2023

April 29, 2024
GSK

GSK Consumer Nigeria records a 34.3% drop in pre-tax profit in its last year of existence

January 30, 2024

“Consequently, the closed period restricting all Directors and insiders from transacting in the shares of the company remain in place until 24 hours after the release of the Financial Statements to the public.”

The trigger  

Nairametrics, in a story published last week, expressed concern that the pharmaceutical giant had released a dividend notice for the 2018 financial year, without accompanying results.  

In addition, concerns were raised over the possibility of insider trading .

“The absence of results, while not intended, could create room for manipulation, since only those with insider information are aware of the results.”

The company’s investor relations did not respond to an email sent by one of Nairametric’s analysts prior to the publication of the story last week. Also, the company did not give any reasons for the action until the report by Nairametrics.  

GSK Consumer Nigeria closed at N10.80 in yesterday’s trading session, unchanged from the prior day. Year to date, the stock is down 25.5%, underperforming the Nigerian Stock Exchange, which is down 1.2% 

Results for the nine months ended September 30, 2018, show that revenue increased from N11.4 billion in 2017 to N13.9 billion in 2018. Profit before tax stood at N507 million, as against a loss before tax of N651 million in 2018. Profit after tax stood at N351 million in 2018, compared to a loss after tax of N651 million in 2017. 


Follow us for Breaking News and Market Intelligence.
Tags: FY 2018 resultsGSK Consumer NigeriaOn the Money
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

NGX
Markets

Here are 15 firms that delisted from the NGX between 2021 and 2023

April 29, 2024
GSK
Company Results

GSK Consumer Nigeria records a 34.3% drop in pre-tax profit in its last year of existence

January 30, 2024
Valentine's day business ideas
Financial Literacy

Businesses that will profit from today’s Valentine’s Day celebrations

February 14, 2023
How to grow your customer base, keep your business in demand (Part 1) 
Financial Literacy

How to grow your customer base, keep your business in demand (Part 1) 

October 10, 2022
From reading to vending: The story of Chike Nwafor who makes a decent living from peddling books 
Business

From reading to vending: The story of Chike Nwafor who makes a decent living from peddling books 

October 2, 2022
Interim Government: What’s the fuss about?
Business

Twitter ban lift: Experts point to Nigerian government as the biggest loser

January 16, 2022
Next Post
Fairmoney

FairMoney offers a different way to borrow money online without collateral

Comments 2

  1. Julius says:
    March 27, 2019 at 8:08 am

    Well done Nairametrics

    Reply
  2. Olakojo Kafayat Omobola says:
    September 16, 2021 at 6:08 am

    I want loan your workers are not responded hope no problem

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Okra charts new path to scale payments business  
  • EFCC arraigns Bigibet gaming platform founder Adepoju Abiodun for alleged N855m fraud  
  • Unleash Your Inner Hustle: The TECNO Spark 40 is HERE! 

Follow us on social media:

Recent News

Okra charts new path to scale payments business  

Okra charts new path to scale payments business  

July 8, 2025
efcc

EFCC arraigns Bigibet gaming platform founder Adepoju Abiodun for alleged N855m fraud  

July 8, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics