| GlaxoSmithKline
Consumer Healthcare achieves double digit sales
growth 2005 PAT up by 46.5 % Gurgaon, January
24, 2006: GlaxoSmithKline Consumer Healthcare
Limited (GSKCH), a global nutritional healthcare
company present in India since 1958, today
declared its financial results for year ended
December 31, 2005. Sales stood at Rs. 1089.02
crore with the company achieving a double digit
sales growth of 10.9% over 2004. PAT grew by
46.5%, over last year to Rs. 107.15 crore and
PBT grew by 40.4%, over last year to Rs. 162.42
crore. "2005 has been a year of strong
all-round performance for the business", said
Nick Massey, Managing Director, GlaxoSmithKline
Consumer Healthcare Ltd. "I am pleased to
state that we've achieved a double digit sales
growth over 2004 with our key brands Horlicks
and Boost doing exceptionally well. This
top-line and bottom-line growth has been
achieved as a result of strong focus on
consumer-centric innovation and brand support,
that have been fuelled by savings arising out of
a well executed in-house cost containment
programme."
_________________________________________________________________________
About GlaxoSmithKline Consumer Healthcare Ltd.
GSKCH, which was established in 1958, is an
associate of GlaxoSmithKline plc. of the U.K, a
global science based healthcare company. GSKCH
has continually benefited from the technical and
marketing inputs that have been available as a
consequence of this association. GSKCH is one of
the largest players in the health food drinks
industry. The Company with its manufacturing
plants located in Nabha, Rajahmundry and Sonepat
has a total workforce of about 2700 people.
GSKCH has a strong marketing and distribution
network in India comprising over 1800
wholesalers and direct coverage of over 4,50,000
retail outlets. Its flagship product, Horlicks,
is a widely regarded and highly respected brand
for over 100 years. The Company also
manufactures and markets Boost, Viva and Maltova
and in addition markets and distributes a number
of products in diverse categories, which include
prominent household names such as Eno, Crocin
and Iodex.
|
