Earnings News

GSK Plc Q3 Adj. Operating Profit Rises, Turnover Ex COVID Up 16% At CER; Upgrades FY Guidance

GSK Plc (GSK.L, GSK) reported that its third quarter profit attributable to shareholders from continuing operations was 1.46 billion pounds compared to 759 million pounds, last year. Earnings per share from continuing operations was 35.6 pence compared to 18.6 pence. Third quarter adjusted operating profit was 2.77 billion pounds, up 6% AER, or an increase of 15% at CER. Adjusted earnings per share from continuing operations was 50.4 pence compared to 46.9 pence.

The Group said the increase in adjusted operating profit reflects strong execution, resilient growth and higher royalty income in part offset by increased investment in R&D, new product launches and a seven percentage point operating profit reduction from lower COVID-19 solutions sales.

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by RTTNews Staff Writer

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