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Glaxo Smithkline H1 profit slips 53%

Glaxo Smithkline H1 profit slips 53%
Glaxo SmithKline
BIOC
-4.09% 30.03 -1.28
Glaxo Smithkline posted EGP 3.666 million consolidated net profit for H1-14, with 53% fall compared with EGP 7.816 million in the year-ago period.
Standalone financial results for H1-14 showed EGP 4.453 million net profit, compared with EGP 8.006 million net profit in H1-13.
The company operates with EGP 835.14 million issued and paid-in capital, divided into 83.5 million shares at EGP 10 par value each.