Glaxosmithkline Consumer Nigeria Plc 2016 Financial summary








12 Months Report GLAXOSMITHKINE CONSUMER NIGERIA PLC 
2016
N'000
2015
N'000
change Year End
Revenue 14,384,785 15,391,858 -7% December
Profit/Loss  before taxation 185,891 1,065,601 -83%
Profit for the period 2,378,145 873,134 172%
Issued Shares (Units) 1,195,876,488 1,195,876,488
Basic Earnings Per Shares (Kobo) 199.00 86.00 131%
Last total dividend paid (Kobo) 30.00 30.00         0.00




Quarter on Quarter performance

Revenue                                                                   PAT
N'000                                                                       N'000
Q1: #7,644,135                                                      Q1: #188,307
Q2: #6,321,483                                                      Q2: (#3,893,815)
Q3: #6,574,709                                                      Q3: (#340,900)
Q4: (#6,155,542)                                                    Q4: #6,424,553

Glaxosmithkline recorded an average revenue of N3.5billion and N594million in terms of Profit After Tax PAT.

A closer look at the result shows that cost os sales declined significantly. It declined by 45.63% which was influenced by the declined in the cost of raw material, consumables and good purchase for resale that declined by 53.75%.

Income tax Credit/expense improved significantly with a write back of N2.3billion. The reason the company was able to make profit. Because the Other gains and loses of (5.9billion) wipe out all the gains from cost of sales.  The loss was as a result of foreign exchange loss realised of N3.6billion and foreign exchange loss of N2.48billion unrealised.

The company would face its first trading session tomorrow after making its result public. the Market would weigh the 30k dividend declared with a dividend yield of  2.07% at a price of N14.48k.

Corporate Action

Proposed Dividend: 30kobo per Share
Proposed Bonus : Nil
Qualification Date : April 12, 2017
AGM Date: May 31, 2017
Payment Date: June 1, 2017
AGM Venue: Muson Center Onikan, Lagos


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