By  on August 27, 2009

PARIS — L’Oréal’s net profits declined 13.7 percent to 1.09 billion euros, or $1.45 billion at average exchange, in first-half 2009. Meanwhile, the French beauty company foresees a gradual improvement in sales over the year.

The firm’s net profits excluding nonrecurrent items after minority interests reached 1.21 billion euros, or $1.61 billion, down 3.6 percent in the six months ended June 30.

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