Business Standard

Avon loss narrows, sales rise on growing demand for fragrances

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Reuters

(Reuters) - Cosmetics maker Avon Products reported a smaller quarterly loss and higher sales on Thursday, buoyed by growing demand for its anti-aging creams and fragrances.

Net loss attributable to the company narrowed to $20.3 million, or 6 cents per share, in the first quarter ended March 31, from a loss of $36.5 million, or 10 cents per share, a year earlier.

Net sales rose 1 percent to $1.31 billion.

(Reporting by Jaslein Mahil; Editing by Amrutha Gayathri)

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First Published: May 03 2018 | 6:07 PM IST

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