Finance In Brief
This article was originally published in The Rose Sheet
Executive Summary
Clarins first-half results: Operating profit increased 10.1% to $66.3 mil. (€1=$1.27) for the second half 2006 (ended June 30), Clarins reports Sept. 11. Firm attributes growth to a decline in manufacturing costs for the Beauty and Perfumes divisions, a positive currency effect and tight control of administrative costs. Operating profit for the Beauty division grew 9.9% to $56.5 mil. due to accelerated investments in a new communication campaign. Perfumes operating profit rose 11.4% to $9.77 mil., reflecting the continuing use of resources to support fragrances launched in 2005, firm says. Clarins first-half net revenues increased 8.5% like-for-like to $602.4 mil., firm reported July 27 (1"The Rose Sheet" July 31, 2006, In Brief)...