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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Avon Products Inc | NYSE:AVP | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.60 | 0 | 01:00:00 |
From Jul 2019 to Jul 2024
The Ecuadorean unit of Avon Products Inc. (AVP) is expecting a strong performance in the Andean country this year, the company's business manager, Pablo Mogollon, said Wednesday.
"Ecuador is an important place for the company. We expect to close 2011 with a double-digit increase in net sales," Mogollon said, without providing further details.
According to Mogollon, Avon made $120 million in net sales last year, an increase of 13% from 2009 and 274% higher than 2005 sales. This is the first time Avon Ecuador released sales data.
Mogollon said the dollarization system has helped the company's expansion in Ecuador as it has allowed for long-term planning.
Ecuador adopted the U.S. dollar as its currency in 2000 following a banking crisis.
-By Mercedes Alvaro, Dow Jones Newswires; 5939-9728-653; mercedes.alvaro@dowjones.com
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