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NEW YORK — A currency devaluation in Venezuela, costs related to a bribery investigation in China and restructuring charges drove Avon Products Inc.’s profit down 64 percent in the first quarter.
Avon earned $42.5 million, or 10 cents a share, for the period that ended March 31, down from $117.3 million, or 27 cents a share, a year earlier.
Denver Post staff and wire reports
