Manufacturing Industry
Gillette focuses on improved consumer benefits to get results, says Chairman. (International News).(2nd-quarter earnings report)(Brief Article)
Cosmetics International, August, 2002
Strong performance by the MACH3 and Venus shaving systems have driven global market shares in the Gillette Company, which recently announced its second quarter results for the period ended 30 June 2002.
Gillette reported net income had risen 27% on a 5% increase in net sales for the quarter. According to the company, excluding a one time gain, net income posted an increase of 18%. Net sales for the quarter saw an increase of 5% to $2.02bn and was supported by strong growth in all regions, bar the economically volatile Latin America sector, claims the company.
However, foreign exchange had no material impact on reported sales with a strong Euro offsetting the unfavourable Latin American currencies.
"We continue to make good progress in our...
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