Commonwealth Property profits rise, GlaxoSmithKline plc (LON: GSK) aims higher

Commonwealth Property is closing the fiscal year in profits

In brief: Commonwealth Property locks in its initial profit against the background of volatile real estate market. GlaxoSmithKline plc (LON: GSK) shares rise.

GlaxoSmithKline plc (LON: GSK) starting to climb up to 1,220.50 points, gaining +2.50 (0.21%) after a poor start of today’s trading. At the same
time, Commonwealth Property sees a significant profit.

Commonwealth Property Office Fund published data on its annual profits conditioned by a price rise. Company’s net profit amounts to AUD 114,2 mln.(its fiscal year closing June 30) compared to a loss of AUD 543,7 mln. previous year. It’s worth noting, the Commonwealth Property is to pay 5.55 AUD cents per share this year.

Anrey Torbinski
2010-08-17 12:57, Economics.

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