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Blemish-Free L’Oréal Eyes 19th Year of Double-Digit Net Growth

L’Oréal said it is on track to post double-digit profit gains for 2003, as it reported that first-quarter sales on a like-for-like basis rose...

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"[There is also a] general trend for high-quality, aspirational products," he said. "That means more complex [formulae] and more expensive products."

L’Oréal’s stock closed Thursday on the Paris bourse at $65.50, up 4.9 percent.
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