L'Oreal cosmetic giant posts 5.1% sales increaseApril 18, 2013 - 21:17 AMT PanARMENIAN.Net - French cosmetics company L'Oreal saw its revenue rise 5.1 percent in the first quarter of the year as sales in North America and developing markets offset sluggishness in Europe, AP said. The company reported Thursday, April 18 that it pulled in 5.9 billion euros ($7.7 billion) in the January-to-March period. Much of that growth happened in Africa, the Middle East, Eastern Europe and North America. But all geographical regions posted growth. Western Europe, however, lagged behind the others, with a 1.9 percent rise. The company also blamed a 0.9 slide in sales of professional products on the economic crisis in Europe, saying that most of its customers for those lines are on that continent. The company behind Maybelline makeup and Garnier hair products maintained its goal to increase sales and profits this year. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |