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Coty Earns Highest Revenues Yet

Double-digit sales, profit growth for sixth consecutive fiscal year

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By: TOM BRANNA

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Coty Inc. posted record-breaking revenues for the sixth consecutive fiscal year with net sales totaling $4 billion for the fiscal year ending June 30, 2008—up 23% from 2007, according to the company.   The Coty Prestige division ended the fiscal year jumped 16% with net sales reaching $2.1 billion. Steady growth in existing markets and robust growth in emerging markets, including the Middle East, Russia, China and Southeast Asia, were prime growth drivers for Coty Prestige, according to the c...

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