Tuesday, February 8, 2011

Avon wins U.S. .- 3% less in 2010 for problems in Brazil and Russia

NEW YORK, U.S. 8 Feb. cosmetics firm Avon attributable profit of 606.3 million dollars (444 million euros) in 2010, representing a decrease of 3% over the previous year, the company, whose Revenues, however, increased by 6% to U.S. $ 10.862 million (7.954 million euros). Avon accounts reflect the difficulties experienced by the company's fourth quarter, when profits dropped 15% to 229.5 million dollars (168 million euros), while turnover grew 1% to 3,175 , $ 6 million (2,325 million euros).

"At year-end sales continued to show disappointing results for the negative impact of interruptions in service in Brazil and weakness in the Russian market," admitted the president and CEO of Avon, Andrea Jung.

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