Glaxo Pharma Q4 net profit falls 1.44% YoY

Glaxo Pharma Q4 net profit falls 1.44% YoY
22 Feb, 2008, 1254 hrs IST, INDIATIMES NEWS NETWORK

MUMBAI: GlaxoSmithkline Pharmaceuticals’ net profit fell 1.44 per cent to Rs 537.66 crore for the year ended on Dec 31, 2007 against Rs 545.51 crore the earlier year. Net sales increased 1.56 per cent to Rs 1,577.14 crore form Rs 1,552.92 crore of the previous year.

The group’s net profit for year 2007-08 decreases by 0.63 per cent to Rs 547.55 crore compared with the past year of Rs 551 crore. Net sales grew 1.66 per cent to Rs 1,608.20 crore against Rs 1,581.99 lacs for the preceding year.

The company has declared a dividend at Rs 18 per share for the year ended December 31, 2007 and it also recommend a special additional dividend of Rs 18 per share.

At 12:42 pm, GlaxoSmithKline Pharma shares were up 0.38 per cent at Rs 935 on NSE.