November 1, 2018 / 11:03 AM / 14 days ago

Avon third-quarter profit surges on Brazil tax gain

Nov 1 (Reuters) - Avon Products' third-quarter profit surged as the U.S. cosmetics maker recorded a tax benefit in Brazil.

Net income attributable to Avon rose to $114.5 million or 21 cents per share in the three months ended Sept. 30, from $12.5 million or 1 cent per share a year earlier.

Total revenue remained flat at $1.42 billion. (Reporting by Uday Sampath in Bengaluru)

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