Hitt og þetta 16. febrúar 2006

DJ NEWS SNAP: LOreal 05 EPS +13.5% On US, Emerging Mkts

PARIS (Dow Jones)--L'Oreal SA (12032.FR) Thursday reported a 37% jump in pro forma net profit for 2005 and a 13.5% jump in pro forma earnings per share, as continued momentum in North America and in emerging markets offset weak demand in Western Europe.

Pro forma net profit, which excludes a non recurring EUR2.2 billion gain related to the merger of Sanofi and Aventis in 2004, rose to EUR1.97 billion in 2005 from EUR1.44 billion the previous year, the company said in a press release.

Stripping out other non recurring items such as capital gains on disposals, pro forma net profit rose 10.3% to EUR1.64 billion in 2005 from EUR1.49 billion the previous year.

Pro forma operating profit improved 8.5% to EUR2.27 billion in 2005, thanks to sales picking up in the second half combined with cost control measures.