By  on February 13, 2012

PARIS — L’Oréal announced its 2011 net profits grew 8.9 percent on-year to 2.44 billion euros, or $3.4 billion.

In the 12-month period, the French beauty giant posted sales of 20.34 billion euros, or $28.33 billion, up 4.3 percent. On a like-for-like basis, revenues increased 5.1 percent.

RELATED STORY: Liliane Bettencourt Exits Post on L’Oréal Board >>

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