By  on August 28, 2012

PARIS — L’Oréal announced Tuesday its first-half net profits rose 10.8 percent and confirmed it expects to outperform the market this year.

The French beauty giant’s net profits for the six months ended June 30 were 1.63 billion euros, or $2.11 billion. Company operating profits increased 11.4 percent to 1.9 billion euros, or $2.46 billion.

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