live feed

GSK Consumer Nigeria Plc records 3.34% increase in 2020 9M revenues

GSK Consumer Nigeria Plc – a research-based pharmaceutical and healthcare company in Nigeria, records 3.34% increase in its 2020 9M revenues.

Published

4 months ago

November 4, 2020

Adeyemi Adebayo

GlaxoSmithKline Consumer Nigeria Plc announces 55kobo dividend, AGM

GSK Consumer Nigeria Plc reported revenues of N16.45 billion in 2020 9M compared to N15.92 billion same period in 2019.

Key highlights for 2020 9M

Revenues increased to N16.45 billion, +3.34% YoY.
Revenues from consumer healthcare declined to N4.70 billion -3.20% YoY.
Revenues from pharmaceuticals increased to N11.75 billion, +6.21% YoY.
Administrative expenses increased to N1.41 billion, +18.61% YoY.
Investment income declined to N63.04 million, -62.05% YoY.
Pre-tax profits increased to N638.71 million, +4.19% YoY.
Earnings Per Share remained 36 Kobo YoY.

Bottom Line

GSK Consumer Nigeria Plc recorded an increase in its pharmaceuticals’ revenue-generating unit, as total revenues increased despite a dip in the consumer healthcare unit.

The rise in the pharmaceuticals unit is understandable, considering the recent rise in revenues of pharmaceutical companies due to COVID-19. Although profits increased in the period under consideration, rising administrative costs constituted a drag on the company’s profitability.

Related Topics:GSK Consumer Nigeria Plc Revenue

Adeyemi Adebayo

Adeyemi holds a PhD in Accounting Sciences. He has worked in the Educational Sector and as an Independent Consultant.

1 Comment

Jew
November 4, 2020 at 5:26 pm
How do we follow you on social media?
Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Rak Unity Petroleum Company Plc reported revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

Published

1 month ago

February 2, 2021

Adeyemi Adebayo

Focus: This small-cap oil company is seriously lagging behind

Rak Unity Petroleum Company Plc released its 2021 FY results reporting total revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

Operating expenses during the year was N149.65 million in 2020 compared to N221.89 million in 2019. –32.56% YoY
The company reported a loss after tax of N63.02 million in 2020 compared to N14.52 million loss after tax in 2019.
It reported a loss per share of N1.11 in 2020 compared to N0.26 loss per share reported in 2019.
No dividend announcement was made in their press release.
The company share price of N0.30 unchanged YTD.

See link to results here

Company Results

Conoil posts 23% post-tax profit decline in 2020 FY results

Conoil Plc reported a revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.

Published

1 month ago

February 2, 2021

Adeyemi Adebayo

Conoil Plc released its 2021 FY results reporting revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.

Operating expenses during the year was N7.64 billion in 2020 compared to N9.68 billion in 2019. –20.9% YoY
The company reported a profit after tax of N1.52 billion in 2020 compared to N1.97 billion in 2019. –22.97% cut YoY.
It reported an earnings per share of 219 kobo in 2020 compared to 284 kobo earnings per share reported in 2019. –22.89% YoY.
No dividend announcement was made in their press release.
The company share price of N20.85, up +0.72% YTD.

See link to results here

Nairametrics

GSK Consumer Nigeria Plc records 3.34% increase in 2020 9M revenues

live feed

GSK Consumer Nigeria Plc records 3.34% increase in 2020 9M revenues

1 Comment

Leave a Reply

Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Company Results

Conoil posts 23% post-tax profit decline in 2020 FY results

Nairametrics | Company Earnings