February 8, 2018 / 11:45 AM / 5 months ago

Coty profit more than doubles on luxury fragrances, makeup demand

Feb 8 (Reuters) - U.S. beauty products maker Coty Inc reported a net profit that more than doubled, driven by strong demand for Tiffany & Co and Gucci Bloom fragrances, as well as for makeup brand Younique.

Net income attributable to the company more than doubled to $109.2 million, or 15 cents per share, in the second quarter ended Dec. 31, from $46.8 million, or 6 cents per share, a year earlier.

Net revenue rose to $2.64 billion from $2.30 billion. (Reporting by Karina Dsouza in Bengaluru; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below