May 10 Beauty products maker Coty Inc
reported a bigger quarterly loss, hurt by restructuring charges
related to the integration of the beauty business it acquired
from Procter & Gamble Co.
Net loss attributable to Coty increased to $164.2 million,
or 22 cents per share, in the third quarter ended March 31, from
$26.8 million, or 8 cents per share, a year earlier.
Coty said it incurred restructuring charges of $213.5
million related to the integration of the more than 40 beauty
brands it bought from P&G last year.
Excluding items, Coty earned 15 cents per share.
Revenue soared to $2.03 billion from $950.7 million, powered
by the acquired P&G brands.
(Reporting by Karina Dsouza in Bengaluru; Editing by Savio