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January 30, 2003
By: TOM BRANNA
Editor
The Estee Lauder Cos. posted a better-than-expected 22% increase in its fiscal second quarter profit amid solid sales growth in skin care products and makeup. The New York-based company said Thursday net income rose to $109.6 million for the period ended Dec. 31, from $90.1 million a year earlier.Sales grew 8.8% to $1.41 billion from $1.3 billion. Excluding the impact of foreign currency exchange, the company said net sales rose 6%. Skin care product sales climbed 8% to $479.3 million, and fragr...
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