Revlon shrinks sales 3.7% and loss narrows in the first half

Revlon keeps on the low. The American cosmetics giant has ended its first half with its sales in the low, but it also reduced its losses. Between January and June, Revlon narrowed its red numbers with 138.8 million dollars compared to the 212.8 million dollars in the same period last year.

Sales of the group arrived at 1.1 billion dollars, with a descent of 3.7% compared to same semester last year. By segments, income of the Revlon line rised 2.3% up to 498.8 million dollars, while Elizabeth Arden grew 8%, up to 228.8 million dollars.

However, sales for the fragrance segment arrived at 159.9 million dollars in the first half, a drop of 14%. In the portfolio segment, with brands like Natural Honey, Pure Ice o Cutex, dropped 16.3%, up to 235.9 million dollars.