Mumbai: GlaxoSmithKline Pharmaceuticals Ltd posted a net profit of Rs 114.86 crore for the second quarter ended June 30, 2008 as compared with Rs 96.43 crore made during the same quarter in 2007.
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Total income for the quarter was higher at Rs 442.80 crore against Rs 415.10 crore in the year-ago period.
The growth in net sales (net of excise and excluding the Fine Chemicals business) was 11.2% during the quarter ended June 30, 2008. The sales growth (excluding the Fine Chemicals business) during the quarter ended June 30, 2008 was impacted due to lower selling prices as a result of the excise benefit passed on to the consumer.
