Agence France-PresseFebruary 5, 2014 11:47
GlaxoSmithKline's net profits jumped by a fifth in 2013 as lower taxes offset flat sales, announced on Wednesday the British drugmaker hit by a bribery probe in China.
Earnings after tax rallied almost 21 percent to £5.4 billion ($8.8 billion, 6.5 billion euros) last year, compared with £4.5 billion in 2012, GSK said in a results statement.
In the fourth quarter or three months to December, net profit surged to £2.461 billion, from £848 million a year earlier.
Annual turnover advanced one percent to £26.5 billion, reversing two years of declines.