Daily Journal masthead

L'Oreal profit and sales climb amid improvement in high-end cosmetics lines

bug
Share/Save/Bookmark

PARIS — Global cosmetics leader L'Oreal says its 2015 profit grew 8.5 percent in the first half, driven by improvement among higher-end makeup and perfume lines including Giorgio Armani, Yves Saint Laurent and Kiehl's.

The French company said in its first-half earnings report released Thursday that total profit amounted to 1.88 billion euros ($2.06 billion), up from 1.73 billion euros in the first half of 2014. Sales growth was the strongest recorded in 20 years, with 12.82 billion euros in sales since January compared to 11.17 billion euros at the same time last year.

The company's mass market division that includes the Maybelline and L'Oreal Paris makeup brands saw slight global gains except for in Brazil.

L'Oreal will continue to expand its presence in the luxury perfume sector.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.