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In spite of a disappointing second quarter, Revlon's management told analysts it will improve the botton line via product innovation during the second half of the year. Revlon lost $24.6 million in the quarter, compared to a loss of $3.9 million during the same period in 1999; sales dropped to $350.6 million, off 37% from the year-earlier period. Revlon said it is working to cut costs, improve retailer relationships and create a strong new-product pipeline. At the close Friday, Revlon was $6.63, up 11.58% on the week.
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