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GlaxoSmithKline Plc reports group sales of £7.6 billion for 2nd quarter

1 min read | July 29, 2020 06:02 AM BST | By Team Kalkine Media
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GlaxoSmithKline Plc (LON:GSK) has released its 2nd quarter results.

  • The company reported group sales £7.6 billion, down by 2 per cent on AER basis and 3 per cent on CER basis.
  • The H1 Reported group sales stood at £16.7 billion, down by 8 per cent on AER as well as CER basis.
  • The company has further reported that the sales decline in Q2 2020 reflects anticipated interruption from COVID-19, particularly in Vaccines as well as destocking from Q1 2020 in Pharmaceuticals and Consumer Healthcare.
  • On 29th July 2020, at the time of writing, GMT 13:13 PM, GSK shares were trading at GBX 1,567.00, down by 37.00 points or 2.32% against the previous day closing price.

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