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UPDATE 1-Revlon posts Q2 profit

Thu Jul 31, 2008 8:22am EDT

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July 31 (Reuters) - Cosmetics maker Revlon Inc (REV.N) reported second-quarter profit that were in line with market estimates, helped by higher shipments of Revlon color cosmetics.

Revlon, controlled by financier Ronald Perelman, posted a net income of $19.9 million, or 4 cents a share, compared with a net loss of $11.3 million, or 2 cents a share, a year ago.

Net sales rose about 8 percent to $376.4 million, beating analysts' estimate of $375.2 million.

Sales in the United States rose 6 percent to $216.4 million, while international sales rose 10.3 percent to $160 million. (Reporting by Swagata Gupta in Bangalore; Editing by Jarshad Kakkrakandy)

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