Tuesday, July 28, 2015

GSK’s Nigerian unit reports 66% drop in 1H profit

GSK’s Nigerian unit reports 66% drop in 1H profit
GSK’s Nigerian unit said on Tuesday its first-half pretax profit fell to 424.8 million naira ($2.14 million), down 66.05 percent from a year ago.
Revenue also fell to 15.44 billion naira in the period to end-June from 15.66 billion naira last year, the unit of British drug maker GlaxoSmithKline, said in a statement without giving any reason for the drop in earnings, reports Reuters.

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