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GSK: Q4 turnover at £8.74 billion, down 2% YoY

GlaxoSmithKline plc (GSK) revealed on Wednesday that its turnover stood at £8.74 billion in the fourth quarter of fiscal 2020, decreasing 2% from the same time span the year prior.

Operating profit totaled £1.1 billion in the three months ending with December 31, 2020, marking a drop of 44% from the same trimester last year, while gross profit declined 1% to land at £5.57 billion. The 2020 fourth quarter's earnings per share were 48% down compared to the corresponding timeframe in 2019, standing at 13.6 pence.

For the entire 2020, net revenue was £34.1 billion, a figure 1% higher than in 2019. Operating profit amounted to £7.78 billion in 2020, representing a 12% rise from the previous year. Earnings per share grew 23% to 115.5 pence in the 12-month period ending with December 31, 2020, while gross profit was 2% up, reaching £22.4 billion for the full year 2020.

The company's stock lost 4.68% in premarket trade on the New York Stock Exchange.

Breaking the News / MS