CLARINS NET LEAPS 39%
PARIS — Groupe Clarins posted net profits of $58.06 million, up 39 percent, for the year 2000.
Clarins reported net sales of $732.6 million, an increase of 21.4 percent, in the period. At constant exchange rates, that growth would have been at 13.7 percent.
All figures are converted at current exchange rates.
Operating profits increased by 27.5 percent to $103.87 million, raising the operating margin to 14.2 percent from 13.5 percent.
Adjusted operating profits — taking into account the application of new French consolidation principles, where employee profit-sharing and royalties, mainly, are included in operating expenses — totaled $94.5 million, up 28.1 percent on 1999.
At the combined general shareholders’ meeting on June 6, a net dividend per share of $0.97 will be recommended.