Natura Cosmeticos Posts Weaker Revenue In 4Q 2016

Natura Cosmeticos SA reported net revenue declined 1.6 percent in the fourth quarter of 2016, compared with the same quarter in the previous year. According to the company, revenue performance was adversely affected by a higher effective tax rate in Brazil and smaller sales volume. Also, affecting the company’s earnings was the depreciation of the Brazilian real against currencies used in international operations. During the quarter, the consolidated EBITDA rose from 19.4 percent in 2015 to 20.1 percent in 2016.