By  on August 30, 2011

PARIS — Net profits at French beauty giant L’Oréal rose 11.6 percent in the first half to 1.47 billion euros, or $2.06 billion, boosted by solid growth in the emerging markets of Asia and Latin America.

“For 2011, we confirm our ambition to outperform the market and improve the group’s profitability,” stated Jean-Paul Agon, chief executive officer of L’Oréal.

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