Coty expands profit in 52% in the 2nd fiscal quarter

The American beauty products company Coty, perfume manufacturer Calvin Klein and Marc Jacobs and Rimmel makeup and OPI, recorded net income of $ 125.4 million in the second fiscal quarter, ended Dec. 31. Progress was made of 52% compared to a year earlier.
Net revenues totaled $ 1.26 billion, down 5% compared to the previous year, affected primarily by currency exchange-without currency conversion, there would be stability. Already the costs decreased by 7% and sales expenses, General and administrative fell 11% in the quarter. The company said that its efficiency program starts showing its first results. The reduction of costs and expenses boosted the operating profit, which rose 28% over the same period in 2013, to $ EUR 183.7 million.
The progress registered by the Division of makeup was overshadowed by the worsening in the areas of care and fragrance to the body and the skin. The revenue obtained from selling makeup products rose 7% in the quarter, on an adjusted basis which excludes exchange rate effects, after good results of Sally Hansen, Rimmel and OPI. Already in perfumes Division was decrease of 1% and care products for skin and body the indentation was 6%, brought by smaller recipe of the brands Adidas and Playboy.
The growth of 1% of the revenue in the Asia-Pacific and stable results in the region of Europe, Middle East and Africa were overshadowed by a decline of 1% in the Americas, brought mainly by the weakness of the American and Canadian markets, despite the strength of business in Brazil, said the company. The result excludes exchange rate effects. Emerging markets had growth of 5% in the quarter, also adjusted bases.