L’Oreal profits rise 11 per cent

L'Oreal, the world's biggest cosmetics maker, posted an 11.4 per cent increase in its first-half operating profit yesterday, helped largely by its luxury products and still expects to outperform the market and grow profits and sales this year. Earnings before interest and tax reached €1.897bn (£1.5bn) while its operating margin widened to 16.9 per cent from 16.8 per cent in the same period a year ago.