Supported by improved margins, Gillette Pakistan nearly doubled its net earnings during the July-September quarter of 2015, the company revealed in its report on Monday.
The maker of the famous range of Gillette razors and shaving products posted an after-tax profit of Rs24 million or Rs1.27 per share during the quarter, up by a staggering 98% compared to Rs12 million or Rs0.64 per share in the same quarter of last year.
Gillette, a subsidiary of Series Acquisition BV, Netherlands, which is a wholly owned subsidiary of Procter & Gamble, grossed Rs493 million in sales during the three-month period, up 4.7% compared to Rs471 million in the corresponding period of 2014. The strong quarterly performance was driven by improved margins, which increased 31% in the July-September quarter compared to 23% in the same quarter of 2014.
Published in The Express Tribune, October 27th, 2015.
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