By  on July 26, 2012

PARIS — On the back of strong second-quarter revenues, L’Oréal reiterated its intent to outperform the overall cosmetics market in 2012 and achieve another year of sales and profit growth.

The French beauty giant said Thursday that its revenues in the three months ended June 30 increased 11.6 percent to 5.57 billion euros, or $7.16 billion at average exchange, spurred by its business in North America and new markets. Sales in those regions were up 22.7 percent and 14.4 percent, respectively.

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