Revlon posts smaller 1st-quarter loss

NEW YORK Thu May 1, 2008 8:01am EDT

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NEW YORK (Reuters) - Revlon Inc (REV.N) reported a much smaller quarterly net loss on Thursday, due in part to expenses being lower than they were a year ago when the cosmetics maker launched a new line of hair color.

Revlon, controlled by financier Ronald Perelman, said its first quarter net loss was $2.5 million, or nil per share, compared with a loss of $35.2 million, or 7 cents per share a year ago.

(Reporting by Martinne Geller, editing by Maureen Bavdek)