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Avon international sales advance 7% in second quarter 1996, pretax profits up 40%.

This article was originally published in The Rose Sheet

Executive Summary

AVON INTERNATIONAL SECOND QUARTER SALES ADVANCE 7% and pretax profits surged ahead 40%, the company announced July 25. The international growth reflected a strong performance in the Americas region (excluding the U.S.), growth in developing markets in Europe and the Pacific Rim and a favorable profit comparison reflecting one-time charges in Western Europe and Japan last year. Excluding the effect of the charges, international pretax profits rose 14% in the recent quarter
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