Drug maker GlaxoSmithKline Pharmaceuticals today posted a net profit of Rs 114.86 crore for the second quarter ended June 30, where as the same was at Rs 96.43 crore a year ago.
Total Income of the company stood at Rs 442.80 crore for the quarter ended June 30, 2008, while it stood at Rs 415.10 crore in the previous year, GlaxoSmithKline said in a filing to the Bombay Stock Exchange.
The figures for the current period are not comparable with those of the previous period, In view of sale of the fine chemicals business on September 30, 2007, GlaxoSmithKline added.
The growth in net sales excluding the fine chemicals business was 11.2 per cent during the quarter ended June 30, this year.
Growth in gross sales during the June quarter this year was impacted due to lower selling prices as a result of the excise benefit passed on to the consumer, the company said.
Shares of the company were trading at Rs 1,125, up 2.68 per cent in afternoon trade on BSE.