L'Oreal Posts Downbeat Full-Year Net Profit
L'Oreal SA posted an increase in its full-year net profit.
L'Oreal's net profit for the period climbed 8.9% to EUR2.44 billion, from EUR2.24 billion in the year-ago period, versus analysts' estimates of EUR2.52 billion.
L'Oreal's operating profit rose 10% to EUR3.29 billion.
L'Oreal expects a 4% growth in the cosmetics market in 2012. L'Oreal's annual sales surged 4.3% on a reported basis. Its sales climbed 5.1% on a like-for-like basis to EUR20.34 billion.
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