PARIS — French cosmetics giant L'Oreal said on Thursday its profits rose last year despite the declining Chinese market, and it made bullish statements about its hopes for 2025.
The company posted a net profit of 6.4 billion euros ($6.6 billion) for 2024, up 3.6 percent from 2023.
BULLISH The logo of L’Oreal is displayed on the floor at its production center in Ormes, central France, on Nov. 17, 2022. L’Oreal recorded a net profit of 6.4 billion euros in 2024 ( 3.6 percent) and showed ambitions of ‘conquests’ for 2025, as announced on Feb. 5, 2025. AFP PHOTO