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GSK Pharma Q1 profit at Rs 88.59 crore


GSK Pharma Q1 profit at Rs 88.59 crore

New Delhi: GlaxoSmithKline Pharmaceuticals (GSK) reported a standalone net profit of Rs 88.59 crore for the first quarter of the current fiscal.

It had posted a net profit of Rs 26.42 crore for April-June quarter of last fiscal, 2017-18, GlaxoSmithKline said in a filing to BSE.

The company’s standalone total income was Rs 753.43 crore for the first quarter of 2018-19. It was Rs 620.84 crore for the year-ago period.

It said the figures for the quarter ended June 30, 2018-19, are not comparable with the corresponding quarter of last fiscal.

The board has approved and recommended a bonus issue of one equity share for every equity share held as on a record date to be determined, GlaxoSmithKline said.



Source: PTI
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