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Profits jump 13% on higher sales and expenses.
February 25, 2010
By: TOM BRANNA
Editor
Revlon Inc. said today that fourth-quarter profits rose 13.3% on higher sales and lower expenses. For the period ended Dec. 31, the beauty company’s net rose to $12.8 million, or 24 cents a diluted share, from $11.3 million, or 22 cents, a year earlier. Income from continuing operations totaled $48.5 million, or 94 cents a diluted share. Sales for the quarter advanced 3.1%to $344.6 million from $334.2 million. Quarterly selling, general and administrative expenses fell to $157.2 million from $...
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