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Revlon Posts Slightly Smaller Loss

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By: TOM BRANNA

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Revlon Inc. said that its second-quarter loss narrowed slightly as favorable exchange rates helped boost sales amid an ongoing makeover. The company, whose products range from Almay cosmetics to Mitchum deodorant, also said it is planning two major cosmetic launches that should increase 2005 sales by $50 million.

Revlon posted a loss of $35.8 million, or 10 cents per share, for the three months ended June 30, compared with a loss of $38.9 million, or 11 cents per share, a year ago. The company’s revenue inched up about 1% to $318.3 million from $316.1 million. Excluding favorable foreign exchange rates, Revlon said sales would have declined about 1%. North American sales fell 4% to $198.3 million

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