By
Reuters
Published
Oct 31, 2011
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Revlon Q3 at breakeven on tax provisions

By
Reuters
Published
Oct 31, 2011

Cosmetics maker Revlon Inc reported a slump in third-quarter income mainly as it set aside more money for taxes.

Revlon
Jessica Biel for Revlon cosmetics

Third-quarter income dropped to $0.1 million, or breakeven per share, from $12.5 million, or 24 cents a share last year.

Revlon, which sells its products under the Charlie and Mitchum brands, said revenue for the quarter rose 5.7 pct to $337.2 mln.

The New York-based company set aside a provision for income tax of $22.1 million in the quarter, compared with a benefit of $0.6 million recorded a year ago.

Revlon shares closed at $15.21 on Wednesday on the New York Stock Exchange.

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