Avon Products Inc (AVP.N) posted a higher quarterly profit on Thursday aided by sales growth in Latin America, its biggest market, while sales fell in North America.

The world's largest direct seller of cosmetics said it earned $206.2 million, or 47 cents per share, up from $167.6 million, or 39 cents per share, a year earlier.

Revenue rose 9 percent to $2.86 billion.