GlaxoSmithKline Pharmaceuticals reports stellar Q1 numbers
Date: 08-05-2012GlaxoSmithKline Pharmaceuticals has reported a jump of over 267 times in its net profit at Rs 122.89 crore for the first quarter ended March 31, 2012 as compared to Rs 0.46 crore for the same quarter last year.
The company’s total income has increased to Rs 703.19 crore, up by 6.40% from Rs 660.91 crore in the corresponding quarter previous year.
GlaxoSmithKline Pharmaceuticals is one oldest pharmaceutical company in India. Internationally it has created many brands such as Ribena, Horlicks, Lucozade, Aquafresh, Sensodyne, Panadol, Tums and Zovirax, among others. It employs 5,000 people and has turnover of more than $1 billion in India.