Lower Cost Of Sales Helps Improve L'Oreal's Revenue In 1H 2014

L’Oreal reported like-for-like sales grew 3.8 percent to €11.17 billion in the first half of 2014. Also, the company said operating profitability was at 18.2 percent of sales. Gross profit was at €8.023 billion, or 71.8 percent of sales, 10 basis points higher than the 71.7 percent recorded in the first half of 2013. Overall operating profit was €2.029 billion, a 0.2 percent growth and 18.2 percent of sales. Operating profit growth would have been 4.5 percent at constant exchange rates. Net profit from continuing operations was flat at €1.773 billion, compared with that of the first half of the previous year; however, net profit attributable to owners of the company grew 1.5 percent to €1.734 billion, the company said.