GSK exceeds earnings expectations despite sales falling short | Malay Mail

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LONDON, April 28 — GSK topped analysts’ expectations for first-quarter earnings as more people visited clinics for critical treatments such as HIV and routine shots once Covid-19 curbs eased, adding on Wednesday that plans to split into two were “well underway”. Turnover for the three...

The GlaxoSmithKline logo is seen on top of GSK Asia House in Singapore March 21, 2018. — Reuters picLONDON, April 28 — GSK topped analysts’ expectations for first-quarter earnings as more people visited clinics for critical treatments such as HIV and routine shots once Covid-19 curbs eased, adding on Wednesday that plans to split into two were “well underway”.

Turnover for the three months to March fell 15 per cent to £7.42 billion at constant currency rates, while adjusted earnings stood at 22.9 pence per share, GSK, the world’s biggest vaccine maker by sales, said.company-compiled consensus analystsGSK said it would provide details on its plan to separate into an over-the-counter products business and another for prescription medicines and vaccines in June.

 

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