L'Oreal reports glowing sales and operating margin in 2015

French cosmetics giant L'Oreal said Thursday that its sales and operating margin improved considerably last year, but profit fell by a third due to an asset sale in 2014. The 3.3 billion euro ($3.7 billion) net profit in 2015 was up 14 percent, however, if the 2.1 billion euros it booked for the sale of the 50 percent stake in of dermatological research lab Galderma to Nestle is stripped out of the results. "In a year marked by a worldwide economic slowdown and increased international volatility