NEW YORK — Avon Products Inc. managed a 74.8 percent rise in fourth-quarter profits, with year-ago charges easing comparisions.

Net income for the quarter ended Dec. 31 rose to $193 million, or 80 cents a diluted share. This compared with profits of $110.4 million, or 46 cents, a year ago, when the firm’s bottom line was dragged down by an aftertax charge of $68.3 million, or 28 cents, related to its business transformation initiatives. Without the year-ago charge, profits rose 8 percent.

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