Coty Inc. moved from red to black in the third quarter, reporting net income attributable to the company of $75.5 million, or 21 cents a diluted share, compared with a loss of $253.3 million, or 66 cents a share, in the year-ago quarter. The company’s net revenue declined 7.4 percent to $933.8 million, from $1.01 billion in the year-ago quarter. Sales were flat in constant currency.
For the nine month period ended March 31, net income attributable to the company was $211.5 million, or 59 cents a diluted share, compared with, a loss of $77.3 million, or 20 cents a share. Net revenues for the period declined 3.8 percent to $3.38 billion.