LONDON, April 30, 2014 /PRNewswire/ --
The global healthcare company GSK has unveiled 2014 Q1 results today, described by its CFO Simon Dingemans as encouraging across many areas mixed with some challenges, most notably in the US.
As a result, group sales fell in the quarter but the company managed to post bottom line growth of 2% as a result of operating leverage and financial efficiencies. The group declared a 6% increase in the dividend.
The period also saw the significant push by the company to rebalance its portfolio with the proposed asset swap with Novartis.
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SOURCE GlaxoSmithKline