PARIS — L'Oréal posted second-quarter 2007 sales of 4.25 billion euros, or $5.7 billion at average exchange, up 10.4 percent year-on-year.

Its revenues rose 7.4 percent on a like-for-like basis for the quarter ended June 30.

"After a good start to the year, the group continued to record very high sales growth in the second quarter," said Jean-Paul Agon, chief executive officer of L'Oréal, in a statement. "This strong momentum reflects both very rapid growth in new markets as L'Oréal captures strategic positions and sustained growth in Western Europe and North America.

"All our divisions are showing strong growth rates," he continued.

For the first half of the year, the French beauty giant generated revenues of 8.51 billion euros, or $11.3 billion, up 9.4 percent, or 7.7 percent at constant group structure and exchange, versus the first half of 2006.

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