New products lead GSK to beat forecasts with 1st-qtr sales
Increased sales of new products, better profit margins and internal restructuring and integration have been cited as reasons for pharma major GlaxoSmithKline (LSE: GSK) reporting strong first-quarter growth for 2016.
The UK’s biggest pharma company reports that its sales have risen by 8% during the quarter, with £6.2 billion ($9 billion) raised, generating core earnings per share of 19.8 pence.
GSK has declared a dividend of 19 pence for the quarter and continues to expect to pay a full year dividend of 80 pence for 2016 and for 2017.
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