Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 06 2019

GlaxoSmithKline Pharma posts 26% rise in net profit at Rs 113 cr

During the corresponding period of the previous fiscal, the company had reported a net profit of Rs 89.69 crore.

GlaxoSmithKline Pharma posts 26% rise in net profit at Rs 113 cr

Drug firm GlaxoSmithKline Pharmaceuticals has posted a 26% increase in its standalone net profit at Rs 113 crore for the quarter ended December 31, 2018. During the corresponding period of the previous fiscal, the company had reported a net profit of Rs 89.69 crore.

The company's standalone revenue from operations stood at Rs 825.35 crore for the quarter under consideration as compared to Rs 703.91 crore for the same period a year ago. 

A Vaidheesh, Managing Director of GlaxoSmithKline Pharmaceuticals, said, "The business embarked on its new strategy this year, as we put in place an optimal commercial structure and worked at building capability. New commercial model of the company is in place, with an increased focus on priority brands, and expansion in field force to drive this focus, including a new trade channel strategy." 

"Our financial performance highlights the outcomes of this execution with a headline double-digit sales growth both for the quarter and year to date, underpinned by a strong volume delivery. Exceptional items for the quarter ended December 31, 2018, comprise profit from the sale of property of Rs 23 crore and non-core brand divestments contributing Rs 5 crore," Vaidheesh added. 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Casual Dine Restaurants
    Fromage, as the name suggests, is the Cheesiest place in..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Bike Maintanance & Repair Services
    Why Partner with The Mechanic? JOIN US FOR QUALITY  The Mechanic is an..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater surat Gujarat
  • Healthcare & Medical Products
    ·        Incorporated in the year 2020, Midos Laborat..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10000 - 50000
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Delhi Delhi
  • Others Food Service
    Founded in March 2013, Biryani Blues is the largest omni-channel..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities