SmithKline Beecham PLC: The newly merged health,...
From Times Staff and Wire Reports
SmithKline Beecham PLC: The newly merged health, household products and pharmaceuticals company based in London said first-quarter net income rose 42% to $371 million, while revenue advanced 16% to $2.142 billion. The firm attributed the gain to continued strong sales, particularly in pharmaceuticals and animal health. The results were the first since the merger of SmithKline Beckman Corp. and Beecham PLC in July, 1989. Year-earlier figures were made available as if the merger had taken place at the beginning of 1989.
