By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)- Drugmaker, GlaxoSmithKline Consumer Nigeria Plc said on Thursday its first quarter profit after tax (PAT) dipped 52.1 percent to N295 million from N615 million recorded the same period of last year.

Also, profit before tax (PBT) declined 52.7 percent to N422 million from N892 million declared in the Q1 of 2014.

However, revenue inched down marginally by 4.4 percent from N7.81 billion to N7.45 billion in the review period of 2014; the drugmaker said in a filing with the Nigerian Stock Exchange (NSE).

GlaxoSmithKline share price went down two (2) percent to N55.00 from N56.12 traded on Wednesday losing N1.12 kobo per share.