Kalina boosted profit by 7.3 percent in the first quarter after it introduced new varieties of dozens of brands, the firm said Friday.
Net income rose to 149 million rubles ($4.9 million) from 139 million rubles a year earlier, the company said on its web site. Sales fell 8 percent to 3.31 billion rubles, hurt by the disposal of unprofitable assets at Dr. Scheller Cosmetics, Kalina said in an e-mailed statement.
Kalina, the country’s largest cosmetics producer, said it introduced 40 varieties of its brands in the first quarter and focused on “active promotion.” Kalina also made “significant investments” in distribution.
Kalina said last year that it would retain control of the Dr. Scheller brand while selling the company’s industrial assets in Germany. Sales declined in the first quarter because of Dr. Scheller disposals “related to production and distribution of oral-care products and private labels in Europe,” Kalina said.