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July 11, 2002
By: TOM BRANNA
Editor
L’Oreal SA, Paris said its revenue rose 3.4% in the second quarter from the same period a year ago as the effect of exchange rate fluctuations pegged growth back to the lower end of market forecasts.In a statement, L’Oreal said revenue for the second quarter grew to $3.67 billion from $3.54 billion a year earlier, lifting revenue for the first half 6% to $7.3 billion from $6.90 billion.
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