L'Oreal sales rose in 2023, overcoming weak China market
Paris (AFP) Feb 8, 2024
French cosmetics giant L'Oreal reported Thursday that its net profit rose 8.4 percent in 2023 despite weak sales in China.
Net profit for the year hit 6.2 billion euros ($6.8 billion) while sales grew 7.6 percent to 41.2 billion euros, it said in a statement.
"In a challenging environment of geopolitical tensions, inflationary pressures, and a stagnating beauty market in China, we deli