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Sales rise 9.4% along with operating income.
May 9, 2018
By: Melissa Meisel
Coty Inc. posted favorable financial results for the third quarter of the fiscal year 2018, ended March 31, 2018. Net revenues rose 9.4% to $2.2 billion. Operating income also jumped 9.4% to $227.8 million. Coty CEO Camillo Pane commented, “Our results were generally in line with our expectations, as we delivered steady performance with modest positive organic top line growth and healthy adjusted operating profit improvement. The Luxury division continued to deliver very strong results, whil...
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