NEW YORK — Robust volume growth coupled with lower interest expense allowed record earnings to come knocking at Avon Products Inc.’s door in the second quarter of fiscal 2002.

For the three months ended June 30, the New York-based direct beauty seller reported net income swelled 12.5 percent to $154.9 million, or 64 cents a diluted share. That compares with last year’s profits of $137.7 million, or 57 cents. Earnings per share beat Wall Street forecasts by a penny.

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