GSK Nigeria reports N238.07m quarterly loss

GlaxoSmithKline Consumer Nigeria Plc has reported a loss after tax of N238.07 million for the quarter ended Mar. 31, 2021, compared with a profit after tax of N113.47 million in the same period of last year.

The company posted a loss before tax of N238.07 million in Q1 2020, compared to a profit before tax of N166.87 million in the same period a year ago.

Its revenue fell to N3.46 billion in the period under review from N4.99 billion in Q1 2020, according to its unaudited financial statements.