Revolution Beauty rallies as investors applaud underlying profit progress
Underlying earnings up 18%Core product lines in growthDistribution wins with major retailersUnloved cosmetics company Revolution Beauty (REVB:AIM) swung from pre-tax profits of £400,000 to a £10.9 million loss after a one-off stock provision during a transitional half to August 2024.Why then, did shares in the beauty retailer rise 2% to 13.9p today (19 November)?Well, the company highlighted enc