GSK– Egypt okays annual dividends for 2020

The listed company reported a 51% Year on Year leap in its consolidated net profit in the first nine months of 2020

  

ArabFinance: GlaxoSmithKline's (GSK – Egypt) (BIOC) ordinary general assembly approved on May 26th the annual cash dividends of EGP 0.50 per share for 2020, according to the company's statement released on May 27th.

GSK-Egypt has intended to stabilize its operation in Egypt

GSK – Egypt stated the exit from the Egyptian market came in line with the parent company’s strategy to shrink its investment in emerging markets.

The listed company reported a 51% Year on Year leap in its consolidated net profit in the first nine months of 2020, recording EGP 101.39 million.

GSK Egypt, a member of the British pharmaceutical company Glaxo Group, is an Egypt-based company engaged in the manufacture, packaging, marketing, sale, and distribution of pharmaceutical products.

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