In Brief: Smithkline Beecham
This article was originally published in The Rose Sheet
Executive Summary
Smithkline Beecham: 1994 oral care product sales grew 9% to [pound]393 mil., or $601.3 mil. based on an exchange rate of [pound]1 = $1.53, boosted by "strong" performances by Aquafresh toothpaste and Odol mouthwash/mouthspray, the firm reports. The Oral Care growth contributed to a 10% sales advance for Smithkline's Consumer Healthcare group, which recorded sales of [pound]1.43 bil. ($2.19 bil.) for the year. Consolidated sales from continuing operations grew 8% to [pound]6.07 bil. ($9.28 bil.) in 1994, and operating profits, excluding one-time and exceptional items, rose 15% to [pound]1.24 bil. ($1.89 bil.)...