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Emerging Markets Drive Profit Growth For L’Oréal

August 29, 2013: 12:00 AM EST
Growing sales in emerging markets and a recovering market in North America drove L’Oréal’s profit up by 5 percent in the first half of 2013. Net income grew to €1.7 billion, or $2.3 billion, in January–June 2013, the cosmetics giant said. L’Oréal has been expanding its focus in emerging markets, which already account for more revenue than either the European or North American market.
"Emerging markets lead profit gain at L'Oreal", ABC News, August 29, 2013, via The Associated Press, © The Associated Press
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