American Avon increased its quarterly profit almost 10 times


The American cosmetics company, Avon Products, which operates in more than 100 countries around the world, following the results of the first nine months, reported a net profit of $55,700,000, whereas a year earlier it had a loss of $70,400,000. Revenues amounted to 4 billion 170 million dollars, an increase of 1%. During the earnings period, the company reduced sales by 3% to 3 billion 925 million dollars. Avon also reported net profit growth nearly 10 times in the third quarter. The quarterly figure was 113 million 800 thousand dollars. Revenue increased by almost 1% to 1 billion 424 million dollars, sales decreased by 2% to 1 billion 346 million dollars.

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