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Annual report shows 2% rise in revenue to $4.65 billion.
September 17, 2013
By: TOM BRANNA
Editor
Coty Inc. posted financial results for the fourth quarter and fiscal year ended June 30, 2013. For the year, net revenues of $4.65 billion increased 2%, according to the report. Operating income rose 8% to $572.8 million, while net income increased 7% to $323.2 million. For the fourth quarter, net revenues increased 4% to $1.06 billion. Commenting on the company's performance, Michele Scannavini, CEO of Coty Inc., said, “Coty delivered another year of positive financial performance....
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