L'Oreal profits rise in first-half, confirms annual targets

L'Oreal posted an 11.4 percent increase in its first-half operating profit helped largely by its luxury products and still expects to outperform the market and grow profits and sales this year. Photo: L'OrealThe world's biggest cosmetics group earlier reported slower sales in the second quarter with like-for-like growth - weighed down by the economic crisis - slowing across all regions in the luxury segment.Earnings before interest and tax (EBIT) reached 1.897 billion euros ($2.38 billion)

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