ArabFinance: GlaxoSmithKline's (GSK Egypt) (BIOC) standalone net profit fell 30% Year on Year (YoY) during the first quarter (Q1) of 2021, according to the companys filing to the Egyptian Exchange.

Standalone net profit recorded EGP 22.21 million in Q1 2021, compared to EGP 31.9 million in Q1 2021.

In 2020, the companys consolidated net profit reached EGP 28.13 million, compared to a net profit of EGP 142.6 million in 2019.

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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