Company News, Financial News

Gillette Reports Gains

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By: TOM BRANNA

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The Gillette Company reported an 18% gain in third-quarter profits, fueled by new marketing initiatives. Gillette, which makes razors and Duracell batteries, reported net income of $416 million, up from $354 million a year ago. Sales rose 11% to $2.4 billion, driven by a 17% jump in blade and razor sales to $1.03 billion. Duracell sales rose 7 % to $514 million, and profits were $106 million, or 35%. Those figures were hurt by the effects of the company exiting its zinc carbon battery busines...

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