L’Oréal : Interim Profit Group

First half 1997 consolidated profit before taxation, employee profit sharing and capital gains and losses for the L'Oréal Group is estimated at FF 3.564 billion, up 15.5 %.

Consolidated sales for the first half rose 13 % on published figures to FF 34.021 billion. Sales were up 8.1 % on a comparable basis, excluding the impact of changes in Group structure and exchange rate fluctuations.

Over the full year, the Group hopes to achieve an increase in profit before taxation, employee profit sharing and capital gains and losses at least equivalent to the rise recorded in the first half.

1997 net profit before capital gains and losses, after minority interests will be affected by the new taxation measures announced by the French Government.

The additional tax costs for the Group, net of minority interests in Synthélabo, is estimated at FF 100 million.