L'Oreal net profit increases by almost 18 percent to 2.9 billion euros in 2012

Sales rose by 10.4 percent to 22.46 billion euros, with the gain of 6.2 percent taking into account currency fluctuations.

The company said the board would propose to shareholders a 15-percent increase in its dividend payment to 2.30 euros.

Chief executive Jean-Paul Agon said “2012 also marked a milestone in the acceleration of the Group's internationalization, as the 'New Markets' became the number one geographic zone.”

This includes the Asia-Pacific region, where sales rose by 9.6 percent on a like-for-like basis and 18.4 percent on a reported basis.

Latin American sales rose by 8.7 percent on a reported basis, and by 17.6 percent in Africa and the Middle East.

The company also managed to improve its performance in North America, where sales jumped 18.3 percent on a reported basis, and by 2.1 percent in Western Europe despite the eurozone debt crisis.

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