By  on February 11, 2013

PARIS — L’Oréal registered a 17.6 percent rise in 2012 net income and said it is “well-prepared” to outpace the beauty market’s growth this year.

The firm’s net profits reached 2.87 billion euros, or $3.69 billion, in the 12 months ended Dec. 31, it said Monday after the Paris Bourse closed. L’Oréal’s operating income was up 12.3 percent to 3.7 billion euros, or $4.75 billion.

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