Aug 2 (Lagos) - Glaxosmith Kline Nigeria Plc reported unaudited financial results for second quarter of 2012. Top line revenue increased by 26% to N 12.84 billion in the second quarter of 2012 from N 10.18 billion earned during the same period of 2011.

Cost of Goods sold increased by 32% to N 7.76 billion in the second quarter. operating expenses grew by 19% to N 3.24 billion. Profit after tax increased by 15% to N 1.31 billion in the second quarter of 2012 from N 1.13 billion in the same period of 2011.

Shareholders funds increased by 1.86% to N 9.14 billion. Total assets increased sharply by 20% to N 21.63 billion.

reporting for easykobo.com on Thursday, August 2 2012 from Lagos, Nigeria