Drug manufacturer, GlaxoSmithKline Consumer Nigeria Plc, has released its consolidated financial statements for half-year 2019. Information contained in the result shows that the company performed well across all major financial indicators.

Revenue: GSK Nigeria’s revenue stood at N9.6 billion in half-year 2019 as against N8.5 billion in H1 2018. The company recorded a 15.9% increase in revenue despite the rise in cost of sale from N6.3 billion in H1 2018 to N6.5 in H1 2019.

Profit Before Tax: PBT stood at N531.5 million in H1 2019, indicating a 2.8% increase when compared to N517.2 recorded in H1 2018.

Profit After Tax: Profit for the half-year period also increased by 2.8% to N372 million compared to N362 million recorded in H1 2018.

Earnings Per Share stood at 31 kobo as against 30 kobo during the comparable period last year.

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See the H1 2019 result HERE.

Nairametrics huwaii


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