GlaxoSmithKline Consumer Healthcare records growth

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Mumbai, Jan 29 (UNI) GlaxoSmithKline Consumer Healthcare Limited (GSKCH) has recorded an impressive growth in its net sales in the year 2007.

Declaring its financial result for the year ended, a release issued here today said that the net sales at Rs 12,778 million recorded a growth of 15.3 per cent over 2006 with profit after tax (PAT) at Rs 1,626 million growing by 28.1 per cent for the same period and profit before tax (PBT) growing by 28.6 per cent, over last year to Rs 2,451 million.

For the fourth quarter, net sales were Rs 2,841 million, while PBT and PAT were Rs 412 million and Rs 275 million respectively.

Commenting on the occasion MD GlaxoSmithkline Healthcare Ltd Zubair Ahmed said,''Strong performance in 2007 has been driven by product innovation, investment behind brands, cost containment and retention and development of our key talent.'' ''GSKCH's single-minded focus in 2008 year will continue to be on top line growth through customer driven innovation in existing and new product categories while continuing to invest behind our brands besides continuing our efforts on costs curtailment. The year has started with two new product launches - Women's Horlicks and a Specialist Nutrition product under Glaxo Nutrition - both products designed with specific consumer needs,'' he added.

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