GlaxoSmithKline Pharmaceuticals Announces Q1 Results

GlaxoSmithKline Pharmaceuticals Ltd has announced the following Unaudited results for the quarter ended March 31, 2007:The Company has posted a net profit of Rs 1113.20 million for the quarter ended March 31, 2007 where as the same was at Rs 1012.30 million for the quarter ended March 31, 2006. Total Income (net of excise) is Rs 4486.60 million for the quarter ended March 31, 2007 where as the same was at Rs 4483.90 million for the quarter ended March 31, 2006.The growth in sales of the ongoing businesses was 5.1% and in Profit before Tax and Exceptional Items was 7%. The figures for the current quarter are not comparable with those of the previous quarter in view of the sale of the Animal Health business on July 31, 2006.