Introduction
GSK PLC is the second largest pharmaceutical company in the world with British based pharmaceutical and healthcare company. In 2000, Glaxo, Wellcome and SmithKline Beecham merged forming GlaxoSmithKline. GSK, the subsidiary and associated undertakings establish the major global healthcare group engaged in the development, creation, consumer health-related product, discovery, manufacture and marketing of pharmaceutical.
GSK is a research-based company with a wide range of pharmaceutical products covering prescription pharmaceuticals and vaccines and Consumer Healthcare operation embrace leading oral care, nutritional healthcare, and over the counter medicines. They have operational headquarter in Philadelphia, USA and operations in 117 countries with products sold in over 140 countries. Their products are currently manufactured in 37 countries where major markets for the Group’s products are from European and America.
1.1Analysis of Operating Performance
The performance ratios for the period of 2 years are shown in the table1 below:
|Ratio |Formula |Year 2006 |Year 2005 |
|Profit Margin &nbs ...