L'Occitane International's Profit Down 18% in Fiscal Year 2024

MT Newswires Live06-24

L'Occitane International (HKG:0973) recorded an 18% decline in attributable profit for the year ended March 31 to 93.9 million euros from 115.1 million euros a year prior, a Monday filing on the Hong Kong bourse said.

Earnings per share were 0.064 euro during the fiscal year, down from 0.078 euro in the year-ago period, according to the filing.

The luxury beauty and wellness products maker's net sales rose by 19% to 2.54 billion euros from 2.13 billion euros in the corresponding period of fiscal 2024.

The revenue was driven by the continued outperformance of Sol de Janeiro and the steady performance of L'OCCITANE en Provence.

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