Gillette reports 2nd-quarter results

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Gillette Co. reported July 16 its for the three months ended June 30 were $2.33 billion, a 2% decrease due to adverse effects of exchange and divestiture of Jafra Cosmetics International. Profit from operations was $595 million, up 8% compared to the same period last year. Net income of $372 million increased 11%, and diluted net income of 33¢ per common share rose 14% over the same period last year.

Copyright July 1998, Crain Communications Inc.

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