GlaxoSmithKline Sales Down in Q3 against Good Underlying Momentum in the Business
October 31 2012 - 8:03AM
PR Newswire (US)
GlaxoSmithKline Sales Down in Q3 against Good Underlying Momentum
in the Business
LONDON, October 31, 2012 /PRNewswire/ --
GlaxoSmithKline released third quarter results today with
Finance Director Simon Dingemans
saying the pharma group was on course to deliver growth in Q4 and
sales "broadly in line" with the previous year.
In a video interview Mr Dingemans said while factors such as
costs from disposals and weak European sales had added to a
difficult quarter where total sales were down 5%, performances from
promoted and new products plus R&D developments meant
shareholders saw dividends up 6% year-on-year.
"I think we're pleased with the progress that the growth drivers
and the core strategic businesses are making and I think overall
that leaves us feeling that we have good momentum going into the
fourth quarter."
The interview and transcript are available now on
http://www.cantos.com/company/GlaxoSmithKline.
MerchantCantos produces in-depth interviews, documentaries and
webcasts with senior company executives. If you would like to
contact us, please email prnsupport@merchantcantos.com or phone
+44-207-936-1352.
Copyright 2012 PR Newswire