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September 5, 2002
By: TOM BRANNA
Editor
L’Oreal, the world’s biggest cosmetics company said first half net earnings in January-June were EUR761.1 million, up from EUR587.1. Operating profit soared 28% at EUR1.02 billion on a 5.6% gain in revenue to EUR7.37 billion.Company chairman Lindsay Owen-Jones shrugged off the company’s record of 17 straight years of double-digit net profit growth and said only that the first-half performance was “extremely encouraging” for the full year. “Despite an unpredict...
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