UPDATE 4-Perfume maker Coty posts loss as integration costs pinch

martes 16 de agosto de 2016 17:33 GYT

* Q4 net loss $31 mln vs. net income of $21 mln last year

* Acquisition costs more than double

* Shares fall about 8.6 pct; recovers to close down 4.9 pct

* Coty on track to close P&G beauty brands deal in October (Updates share price)

Aug 16 (Reuters) - Beauty products maker Coty Inc reported its second straight quarterly loss, hurt by a jump in costs to integrate beauty brands acquired from Procter & Gamble and a slowdown in sales of some core brands.

Coty, on track to close its $13 billion acquisition of P&G's beauty portfolio in October, said acquisition costs more than doubled to $90.2 million in the fourth quarter, from a year earlier.

These costs also included expenses related to the acquisition of the beauty care unit of Brazilian consumer goods company Hypermarcas SA last year.

Excluding these costs, however, the company earned 13 cents per share in the quarter ended June 30.

Total net revenue rose 5.5 percent to $1.08 billion, its biggest rise in quarterly sales since going public in 2013.   Continuación...