L’Occitane profit down 48% in first half of FY 2019

Net sales grew 8.6% (+12.4% at constant exchange rates) to €595.4m

L’Occitane International’s net profit fell 47.9% to €5.6m for the six months ended September 30, 2018. The company said the decline was due to higher marketing investments, international set-up costs for recently acquired direct seller LimeLife and unfavorable foreign exchange...

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