By  on February 1, 2008

TOKYO — Shiseido Co. Ltd. announced a strong increase in profits, thanks to its business in China, during the nine months ended Dec. 31.

The Japanese beauty giant reported its net earnings in the period rose 29.3 percent to 26.2 billion yen, or $223.7 million at average exchange rates. Operating profits came in at 50.3 billion yen, or $429.6 million, a 23.3 percent gain, thanks to marginal increases from overseas sales expansion, an improved cost-to-sales ratio stemming from a change in product mix and a decline in domestic market expenses.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus