Cosmetics group Natura’s shares rise at higher margin

Sao Paulo-listed shares in Natura closed up 6.6% to 18.48 reais each, their highest closing price since April 2022. — Reuters

SAO PAULO: Shares in Brazilian cosmetics maker Natura and Co rose more than 6% as positive margin trends and the announcement of dividends offset the fact that its quarterly loss more than tripled from a year earlier.

Natura posted a net loss for the fourth quarter of 2.7 billion reais (US$542.27mil), logging a hit of one billion reais from a discontinued business that it sold recently, and a 664 million-real impairment related to Avon.