L'Oreal profit and sales climb amid improvement in high-end cosmetics lines

July 30, 2015 6:12 PM

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PARIS – Global cosmetics leader L'Oreal says its 2015 profit grew 8.5 percent in the first half, driven by improvement among higher-end makeup and perfume lines including Giorgio Armani, Yves Saint Laurent and Kiehl's.

The French company said in its first-half earnings report released Thursday that total profit amounted to 1.88 billion euros ($2.06 billion), up from 1.73 billion euros in the first half of 2014. Sales growth was the strongest recorded in 20 years, with 12.82 billion euros in sales since January com...

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