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April 3, 2003
By: TOM BRANNA
Editor
L’Oreal SA, Paris, chief executive Lindsay Owen-Jones said that the world’s biggest cosmetics maker believes it is on track for a 19th straight year of double-digit profit growth in 2003 despite gloomy trading conditions. “In spite of the difficulties, we’re targeting double-digit profit growth again this year,” Mr. Owen-Jones said. Net profit rose 19% last year.Speaking to analysts after the maker of Maybelline, Garnier and L’Oreal brand goods said revenue di...
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