L'Oreal SA (LRLCY.PK) Monday reported an increase in profit for the full-year 2011, as sales and gross margins improved.
Net profit excluding non-recurring items after non-controlling interests for the full-year 2011 improved to 2.58 billion euros or 4.32 euro per share from 2.37 billion euros or 4.01 euro per share last year.
Net profit after non-controlling interests for the period was 2.44 billion euros or 4.08 euro per share compared to 2.24 billion euros or 3.79 euro per share last year.
Sales for the full-year rose to 20.34 billion euros from 19.50 billion euros last year. On a like-for-like basis, sales for the year increased 5.1 percent from last year.
Full-year gross margin advanced 40 basis points to 71.2 percent.
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by RTT Staff Writer
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