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GSK's Nigerian unit reports 66 pct drop in first-half profit

Tue, 28th Jul 2015 13:47

LAGOS, July 28 (Reuters) - GSK's Nigerian unit said on Tuesday its first-half pretax profit fell to 424.8million naira ($2.14 million), down 66.05 percent from a yearago.

Revenue also fell to 15.44 billion naira in the period toend-June from 15.66 billion naira last year, the unit of Britishdrugmaker GlaxoSmithKline, said in a statement withoutgiving any reason for the drop in earnings.($1 = 198.9600 naira) (Reporting by Chijioke Ohuocha, editing by Louise Heavens)

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