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Brazil's Natura reports $70 million profit, stable compared to last year

SAO PAULO, Nov 12 (Reuters) - Brazil cosmetics company Natura & Co on Thursday reported a profit of 378 million reais ($69.25 million), stable in comparison to last year, while its EBITDA margin improved, which it attributed to cost discipline across the board.

Natura is merging with cosmetics giant Avon and said it expects to generate synergies thanks to the combination of their business units of between $300 million and $400 million between 2020 and 2024. ($1 = 5.4581 reais) (Reporting by Alberto Alerigi; Editing by Leslie Adler)