Estée Lauder income soars

Published: 2-Feb-2007

Estée Lauder has announced that its second-quarter net income has dramatically exceeded expectations due to increased sales and cutting of costs.

Estée Lauder has announced that its second-quarter net income has dramatically exceeded expectations due to increased sales and cutting of costs.

The company has now reassessed its full year forecast upwards in response to the profit increase, which was driven largely by sales in Europe, the Middle East, Africa and Asia.

Despite this market analysts remained unsure as to the sustainability of the growth.

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