Revlon's Q2 preliminary sales up

Jul 18, 2008 (Datamonitor via COMTEX) -- REV | Quote | Chart | News | PowerRating -- Revlon, a personal care products company, has reported preliminary net sales of approximately $375 million for the second quarter ended June 30, 2008, compared to $349.2 million for the same period of 2007.

Net income was approximately $20 million, compared to a net loss of $11.3 million for the same period of 2007. Operating income was approximately $60 million, compared to $16.9 million for the same period of 2007.

For the second quarter ended June 30, 2008, the company reported adjusted EBITDA of approximately $80 million, compared to $42 million for the same quarter of 2007.

David Kennedy, president and CEO of Revlon, said: "Our strong preliminary results in the second quarter continue to validate our strategy. We continue to focus on the key drivers, including: innovative, high-quality, consumer-preferred new products; effective, integrated brand communication; competitive levels of advertising and promotion; and superb execution with our retail partners, which build our brands, particularly the Revlon brand, and generate sustainable, profitable sales growth."

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