On the evening of February 11, Beijing time, L'Oreal SA, the French cosmetics giant, said that thanks to the strong consumer demand for its cosmetics products and continued growth in emerging markets such as Asia and Latin America, the company’s In 2010, net profit increased by 25%. L'Oréal said that in 2010, the company achieved a net profit of 2.2 billion euros ($3 billion), and due to the fierce impact of the global economic crisis, the company's net profit in 2009 was only 1.8 billion euros.
In a statement released this Friday, L’Oréal said that the company’s revenue from its consumer cosmetics business grew by 11% in 2010 to reach EUR 9.5 billion. Currently, L'Oréal's consumer cosmetics business includes Garnier's skin care and hair care products and Maybelline's cosmetics.
L'Oreal also said that its operating income and net profit are expected to achieve further growth in 2011.