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Quarterly Drop at Avon, But Full Year 2008 Positive

Total revenue down 9% for 4Q, up 8% to $10.7B

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By: TOM BRANNA

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Avon Products, Inc. today posted fourth-quarter 2008 total revenue of $2.8 billion was 9% lower than 2007 as the impact of a substantial shift in many foreign-currency exchange rates. For full-year 2008, the company reported that total revenue grew 8% to a record $10.7 billion. Fourth-quarter 2008 operating profit was $372 million, up 66% from last year, while full-year 2008 operating profit jumped 53% to $1.3 billion. Active representatives grew 4% and 7% year over year in the fourth quar...

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