BUSINESS INFORMATION -The world's largest cosmetics group L `Oreal, Thursday, reported a profit decline in the first half of this year, but says that sales started to rise again.
French company said in a statement that net profit for the first six months of 2009 fell 13.7 percent to 1.084 billion euros (1.559 billion U.S. dollars) compared to the same period in 2008, in line with analysts projections.
Earnings per share, a key indicator used by the maker of beauty products is leading, fell 1.5 percent to 2.08 euros.
Operating profit fell 36 percent in the luxury products division, and 8.3 percent overall. The group saw net profit fall by more than one-quarter of 2008 amid world economic downturn.
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