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Coty Reports Slightly Weaker Net Revenue For 1Q Of FY 2016

November 5, 2015: 12:00 AM EST
Coty said net revenue dropped 2 percent to $1.112 billion like-for-like and decreased 6 percent as reported. Adjusted operating income rose 4 percent to $173.4 million from $167.1 million in the previous year. Reported net income increased to $125.7 million from $10.6 million in the same quarter of the previous year. Adjusted net income increased to $219.7 million from $103 million, due mainly to a favorable tax settlement of $113.3 million. Adjusted earnings per diluted share rose to $0.59 from $0.28. According to the company, net cash from operating activities rose to $116.7 million from $26.2 million.
"Coty Inc. Reports First Quarter Fiscal 2016 Results", Coty, November 05, 2015, © Coty Inc.
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