By  on February 12, 2009

Shares of Revlon Inc. slumped nearly 17 per-cent, and hit a new 52-week low, following its disclosure Thursday of a 72.3 percent drop in fourth-quarter profits, but the cosmetics firm, boosted by a one-time gain from the sale of an asset, managed to finish the year in the black.

This story first appeared in the February 13, 2009 issue of WWD. Subscribe Today.

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