Shares in global cosmetics leader L'Oreal slumped by 3.94 percent in early trading on Wednesday in response to second-quarter sales figures judged disappointing by analysts.
L'Oreal said that sales growth in the second quarter fell to 0.9 percent despite a 5.0-percent sales increase over the whole of the first half to 10.1 billion euros ($14.4 billion). Analysts said the slowdown reflected disappointing results in Europe where sales grew by 1.4 percent in the first half. L'Oreal said that half-year sales grew by 10.1 percent in new markets. In the second quarter, 4.9 billion euros in sales was below the 5.09 billion-euro forecast compiled from analysts by Dow Jones Newswires. The price of shares in the group fell 3.94 percent to 84.43 euros in a slightly falling market. via http://freeworldnewrbegining.blogspot.com/ -- You received this message because you are subscribed to the Google Groups "Gugukluhayat" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/gugukluhayat?hl=en.
