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Last Updated: Thursday, 4 August, 2005, 17:00 GMT 18:00 UK
Gillette sharpens up its profits
Footballer David Beckham models a Gillette razor
David Beckham promotes Gillette's products
Razor giant Gillette is attributing a 17% rise in quarterly profit to the success of new products.

The US firm, which also makes Duracell batteries and Braun electric shavers, saw its net profit increase to $498m (�280m) in the three months to 30 June.

Sales of razors rose by 11%, helped by new lines including Venus Vibrance, a product for women.

Boston-based Gillette is in the process of being acquired by Procter & Gamble in a $57bn deal.

Gillette's quarterly profits beat market expectations, as did its sales, which jumped 13% to $2.8bn.

Consumer product giant Procter owns more than 300 household brands including Wella shampoos and Pampers nappies.


SEE ALSO:
P&G to acquire Gillette for $57bn
28 Jan 05 |  Business
Judge cuts through razor ads row
23 Apr 04 |  Business


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