GlaxoSmithKline 2010 net profit up 10.37 pc to Rs 560.57 cr

The company's board of director recommended a dividend of Rs 40 per share for the year ended December 31, 2010, in its meeting today.

NEW DELHI: GlaxoSmithKline Pharmaceuticals today said its consolidated net profit rose by 10.37 per cent to Rs 560.57 crore for the year ended December 31, 2010.

The company had posted a net profit of Rs 507.86 crore for the January-December, 2009, period, GlaxoSmithKline Pharmaceuticals said in a filing to the Bombay Stock Exchange (BSE).

Net sales of the company rose to Rs 2,151.05 crore for the year ended December 31, 2010, from Rs 1,907.77 crore in the same period of the previous calendar year.

The company's board of director recommended a dividend of Rs 40 per share for the year ended December 31, 2010, in its meeting today.

Shares of GlaxoSmithKline Pharmaceuticals were being quoted at Rs 2,193.90 in late afternoon trade on the BSE today, down 0.73 per cent from their previous close.
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