HONG KONG — Profit for the beauty group L’Occitane International S.A. suffered a 27.1 percent drop for the year ended Mar. 31, but the company is confident its investment in growing its emerging brands and markets, especially China, will rejuvenate the business.
Profit for the year was 96.51 million euros with net sales falling slightly by 0.3 percent from a year ago to 1.32 billion euros. Gross profit margin remained stable at 83.3 percent. Web sales increased its share from 12 percent of the group total to 14 percent.