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Nigeria
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

GLAXOSMITHKLINE CONSUMER NIGERIA PLC

Main Activities: Chemical Manufacturing - Pharmaceutical and Medicine Manufacturing

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Company Information

Full name
GLAXOSMITHKLINE CONSUMER NIGERIA PLC

Headquarters
GSK House No. 1, Industrial Avenue, Ilupeju, Ikeja, Lagos ; Lagos; Lagos
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : NGGLAXOSMTH8
Financial Auditors: PricewaterhouseCoopers (2010)
Incorporation Date: July 1, 1979
Total Employees: 439

Tel: +234 1 2711 000

Company Description

GLAXOSMITHKLINE CONSUMER NIGERIA PLC is a subsidiary of GSK group and involved in the manufacturing, marketing and distribution of health product in Nigeria. The product includes treatments for asthma, HIV/AIDS, malaria, depression, migraine, diabetes, heart failure, digestive conditions and cancer. The Company mission is to improve the quality of human life by enabling people to do more, feel better and live longer. The Company was listed in Nigerian Stock Exchange on July 1979.

Company Analysis

According to the Consolidated - Non-Audited financial statement for the Year of 2011, total net operating revenues increased with 24.56%, from NGN 17,297,175 thousands to NGN 21,545,196 thousands. Operating result increased from NGN 3,336,982 thousands to NGN 3,502,787 thousands which means 4.97% change. The results of the period decreased -6.48% reaching NGN 2,302,000 thousands at the end of the period against NGN 2,461,395 thousands last year. Return on equity (Net income/Total equity) went from 29.55% to 25.57%, the Return On Asset (Net income / Total Asset) went from 16.70% to 12.83% and the Net Profit Margin (Net Income/Net Sales) went from 14.23% to 10.68% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 99.23% compared to 76.92% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.53 to 1.19 when compared to the previous year.

Key Executives

Olusegun Oladipo Osunkeye Chairman
Chidi Okoro Managing Director
Foluse Onabowale Director/Member Of The Board
Rob Mcdavid Director/Member Of The Board
Chinedum Okereke Alternate Director
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SELECT CURRENCY
2011 Y
(cons)
2010 Y
(cons)
Non-Audited Non-Audited
WVB Company Financials WVB Company Financials
Unit Thousands Thousands
Balance Sheet

Total Assets

17,937,080

14,737,912

Current Assets

10,675,079

7,857,202

Total Liabilities

8,934,000

6,407,503

Shareholders Equity

9,003,079

8,330,409

Current Liabilities

8,934,000

5,143,337

* All the accounts are in NGN.
Income Statement

Total Operating Revenue

21,545,196

17,297,175

Operational Profit (Loss)

3,502,787

3,336,982

Net Profit (Loss)

2,302,000

2,461,395

* All the accounts are in NGN.
Ratios
Profitability Ratios

Return on Assets (ROA)

12.83%

16.7%

Annualised Return on Assets (ROA)

12.83%

16.7%

Return on Equity (ROE)

25.57%

29.55%

Annualised Return on Equity (ROE)

25.57%

29.55%

Return on Sales (ROS)

10.69%

14.6%

Return on Capital

25.57%

29.55%

Gross Profit Margin

41.76%

47.32%

Operating Profit Margin

16.18%

20.42%

Efficiency Ratios

Accounts Receivable Turnover

22.99x

15.83x

Inventory Turnover

2.67x

2.03x

Current asset turnover

2.02x

2.15x

Fixed-asset turnover

2.96x

2.45x

Asset Turnover

1.2x

1.14x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

3,503,196

3,339,592

EBITDA

3,503,196

3,876,600

Enterprise value

18,021,127

23,747,005

Enterprise Value / EBITDA

5.14

6.13

Bookvalue (BV)

17,937,080

14,737,912

Net Cash

-4,951,000

-4,016,111

Liquidity Ratios

Current Ratio

119.49%

152.76%

Quick ratio

67%

67.59%

Doom's day ratio

44.58%

21.92%

Leverage Ratios

Leverage ratio

199.23%

176.92%

Interest Coverage Ratio

196,037.83%

479,826.44%

Debt to equity

99.23%

76.92%

Debt to total assets

49.81%

43.48%

Long Term Debt to Capital

0%

72.55%

Market ratios

Market Capitalization/EBITDA

6.28

6.42

Price/Book Ratio

1.23

1.69

Market Cap / Net cash

-4.44

-6.19

Trend Ratios

Revenue Trend

127.64%

112.78%

Net Income Trend

93.52%

144.63%

Operating Income Trend

104.9%

128%