Revlon Reports First Profit in Six Years

Revlon posted a quarterly profit of $46 million, the company’s first profit in six years, compared with a loss of $12.6 million last year. According to the company, net sales in the fourth quarter rose 3% to $378 million.

Growth was driven mainly by North America, attributed mostly to the arrival of new products at retail outlets, although it was offset by factors including higher discounts such as an increase in sales incentives.

“We are optimistic about our outlook for 2005 and beyond,” commented Jack Stahl, chief executive for Revlon.