GlaxoSmithKline keeps jobs as 2009 profit jump 12 per cent to £8.73 billion

05 Feb 2010

1

Pharmaceutical major GlaxoSmithKline plc (GSK) has reported a 12 per cent rise in annual profit said it is expanding its restructuring programme to save another £500m by 2012, without specifying cuts.

Pre-tax profits for 2009 came in at £8.73 billion ($13.81 billion), compared with £7.78 billion in 2008.

Total group turnover for the year grew 3 per cent to £28.37 billion, with pharmaceuticals up 2 per cent to £23.71 billion and Consumer Healthcare up 7 per cent to £4.65 billion.

Its fourth-quarter profit jump  £.63 billion from £million in the same period last year, aided by higher sales of influenza and H1N1 products.

Excluding major restructuring, profit attributable to shareholders for the quarter increased to  £.80 billion from last year's £.36 billion. Pre-tax profit rose to £.25 billion from £.40 billion in the prior year

Total group turnover in the fourth quarter grew 13 per cent on a constant exchange rate to  £.09 billion from £.91 billion in the previous year.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more