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Coty Says Net Revenue Falls In December 2013 Quarter

February 14, 2014: 12:00 AM EST
Beauty brand Coty Inc. reported net revenue decreased 4 percent to $1.323 billion in the fiscal second quarter ending December 31, 2013, compared with the same period of the previous year. Adjusted operating income dropped from $220.7 million to $183.3 million, while adjusted net income decreased from $127.1 million to $111.3 million, the company said. Also, adjusted earnings per diluted share dropped from $0.32 to $0.28, while net cash from operating activities decreased by $9.7 million from $355.8 million to $346.1 million, the company added. For the half year, net revenue decreased 3 percent like-for-like and 4 percent as reported to $2.501 billion, while adjusted operating income declined from $423.7 million to $369.4 million, compared with the same period of the previous year. Adjusted net income decreased from $244.9 million to $219.6 million, the company said.
"Coty Inc. Reports Second Quarter Fiscal 2014 Results", Coty, February 14, 2014, © Coty Inc.
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