PARIS — Groupe Clarins’ results were heavily impacted by foreign exchange rates in the first half of 2008.
The company reported Friday net profits dropped 34.6 percent to 24 million euros, or $36.7 million at average exchange, versus first-half 2007. (All first-half 2007 numbers are on a pro-forma basis, excluding the Stella Cadente beauty business, the license for which Clarins no longer holds.) At constant exchange, Clarins’ net profits declined 13.8 percent.
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