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NEW YORK (AP) - Revlon Inc., which is undergoing a restructuring to turn around the beauty business, said Tuesday its loss narrowed in the first quarter amid cost-cutting moves and an modest sales increase.
The New York-based company controlled by financier Ron Perelman reported a loss of $35.2 million, or 7 cents per share, in the three months ended March 31 compared to a loss of $58.2 million, or 15 cents per share in the year-ago period.
The company, which markets such products as Charlie perfume and Almay cosmetics, posted revenues of $328.6 million, up slightly from $325.5 million.
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