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1. Head Office:
GSK House
No. 1, Industrial
Avenue,
Ilupeju.
P. M. B. 21218, Ikeja, Lagos.
Tel: 234-01-2711000
Fax: 234-01-2716172
2. Nature of Business:
Manufacture, Marketing and Distribution of Pharmaceutical,
Oral
Care and Nutritional Products.
3. Date of Incorporation:
June 23rd, 1971
4. Date Listed on The Exchange:
July, 1979
5. NSE Classification:
Healthcare
6. Board of Directors:
Chief Olusegun O. Osunkeye, OON - (Chairman)
Mr. Sameer Goel, (MD/CEO)
Mr. John Sayers
Mrs. Osaretin E. Jaiyeola
Mr. Edmund C. Onuzo
Mr. Bharat L. Shah
Engr. Mansur Ahmed
Mr. Rangaswami Seshadri
7. Company Secretary:
Mrs. Foluso O. Onabowale
8. Auditors:
PricewaterhouseCoopers
(Chartered Accountants)
Plot 252E Muri
Okunola Street,
Off Ajose
Adeogun Street,
Victoria Island, Lagos.
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9. Company Registrars:
Union Registrars Limited
2, Burma Road, Apapa.
P. M. B. 12717, Lagos.
Tel: 234-01-8131925, 8131882
10. Subsidiaries/Associates:
Winster Pharmaceuticals Limited
11. End of Accounting Year
31st December
12. Number of Employees
361
13. Capital Structure
i. Authorised: N480,000,000.00
ii. Paid-Up N478,350,595.00
14. Analysis of Shareholding
Setfirst Limited - 27.3%
Smithkline Beecham Plc - 19.1%
Nigerians 53.6%
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FIVE-YEAR FINANCIAL SUMMARY
ASSETS
EMPLOYED 2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Fixed Assets 3,515,775 3,114,228 2,694,896 2,122,516 1,086,958
Current Assets 5,203,386 5,754,979 5,601,493 3,899,467 3,732,602
———— ———— ———— ———— ————
8,719,161 8,869,207 8,296,389 6,021,983 4,819,560
====== ====== ===== ===== =====
FINANCED BY:
Creditors due within one
year 3,331,697 3,986,227 4,233,569 2,975,635 2,470,001
Creditors due after one year 258,357 213,916 137,147 1,875 -
Provisions for liabilities &
charges 527,156 475,989 432,208 526,751 508,060
Share capital 478,351 478,351 478,351 398,626 398,626
Reserves 4,123,600 3,714,724 3,015,114 2,119,096 1,448,873
———— ———— ———— ———— ————
8,719,161 8,869,207 8,296,389 6,021,983 4,819,560
====== ====== ===== ===== =====
PROFIT AND LOSS ACCOUNT:
Turnover 9,915,400 10,389,553 8,589,814 7,149,033 5,672,213
Gross Profit 3,873,740 4,296,664 3,334,999 2,798,507 2,171,006
Profit before interest
charges & taxation 1,174,290 1,565,005 1,441,865 1,342,609 1,069,675
Interest Charges 7,841 42,568 32,701 17,350 6,910
Profit before tax 1,166,449 1,522,437 1,409,163 1,325,259 1,062,765
Taxation 329,572 440,144 433,422 369,998 378,438
Profit after tax 836,876 1,082,293 975,741 955,261 684,327
Dividend 430,516 430,516 382,680 279,038 239,175
Retained profit 836,876 651,777 593,061 676,223 445,152
STATISTICAL INFORMATION:
Profit before tax
as a % of turnover 12% 14,79% 16.4% 18.5% 18.7%
Earnings per share 87k 113k 102 100k 85k
Dividend per share 45k 45k 40k 35k 30k
NOTE:
Earnings and dividend per
share are based on 956,701,190 ordinary shares in issue as at 31st
December, 2007.
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