By Olivia Bugault
L'Oreal SA said Thursday that net profit and sales rose in the first half thanks to growth in all its divisions and regions.
The French cosmetics and consumer-products company had net profit of 2.36 billion euros ($2.80 billion) in the period, up from EUR1.82 billion a year earlier. Sales rose to EUR15.2 billion from EUR13.08 billion, a 21% increase on a like-for-like basis.
The company's professional products and active cosmetics divisions performed the best during the period with sales growth of 41% and 37.5%, respectively, on a like-for-like basis.
E-commerce sales grew 29% in the January-June period.
"We are more confident than ever in our ability to outperform the market and achieve a year of growth in both sales and results," L'Oreal's chief executive officer Nicolas Hieronimus said.
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(END) Dow Jones Newswires
July 29, 2021 12:33 ET (16:33 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.