10-22-2014, 09:26 AM
GSK announces that a EPS of 27.9p up 5% and above analyst estimates of 23.9p
The company announced it would keep dividends at 80p a year for 2015 representing a yiled of nearly 6% at current price.
The freeze is slightly disappointing but expected after the China bribery scandal and a £268m fine.
The company will also return £4Bn to shareholders via a special share scheme
!
Overall I'm VERY happy with these results despite falling revenue (Expected a lot worse after a collapse in China sales due to bribery scandal) and knew this whilst I bought the shares (a risk I know).
The company also showed a recovery in China sales compared to last quarter
Overall, relieved and happy!
Share price responded by jumping 3.8%
The company announced it would keep dividends at 80p a year for 2015 representing a yiled of nearly 6% at current price.
The freeze is slightly disappointing but expected after the China bribery scandal and a £268m fine.
The company will also return £4Bn to shareholders via a special share scheme
!Overall I'm VERY happy with these results despite falling revenue (Expected a lot worse after a collapse in China sales due to bribery scandal) and knew this whilst I bought the shares (a risk I know).
The company also showed a recovery in China sales compared to last quarter
Overall, relieved and happy!
Share price responded by jumping 3.8%