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L’Oreal’s Net Profit Up 19.6%

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By: TOM BRANNA

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Clichy, France-based L’Oreal reported consolidated net sales for 2001 grew 8.4% to $11.8 billion. Net profit before capital gains and losses and after minority interests reached $1 million, an increase of 19.6%.“Numerous brand-related initiatives combined with the strong momentum of international growth have compensated for the impact of world events,” said Mr. Lindsay Owen-Jones, L’Oreal’s chairman and chief executive officer. “Robust internal growth, togethe...

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