Florida based leading prestige fragrances manufacturer & international distributor Parlux Fragrances Inc announced its results for the three months ended September 30, 2005.
Net sales were $39,328,298 compared to $22,723,357 in the same period of the prior year, an increase of 73 percent.
Net income was $4,439,870 compared to $2,375,971 in the same period of the prior year, an increase of 87 percent.
Earnings per share were $0.42 on a diluted basis compared to prior-year earnings of $0.23 per share, an increase of 83 percent.
For the six-month period ended September 30, 2005, net sales were $73,145,627 compared to $45,684,560 in the prior period, an increase of 60 percent.
Net income was $8,251,493 ($0.78 per share on a diluted basis) compared to $4,565,813 ($0.43 per share on a diluted basis) in the same period of the prior year, an increase of 81 percent.
Commenting on the results, Ilia Lekach, Chairman and CEO, said, 'They have again achieved record results and are on track to achieve their full- year estimates as long as the economy remains stable.
They have recently commenced shipments of their second Paris Hilton fragrance 'Just Me,' and their Limited Edition Paris Hilton watches are being launched this month through Tourneau, the preeminent fine watch retailer.'
Lekach continued, 'The successful launch of GUESS? women's fragrance earlier this year continues to fuel their growth.
They are grateful to their Perry Ellis licensor for their continued marketing efforts, and look forward to the launch of Perry Ellis 18 in 2006.
Parlux Fragrances Inc is a manufacturer and international distributor of prestige fragrances and, in addition to Paris Hilton licenses for fragrances, watches, cosmetics and handbags and small leather accessories, holds the licenses to manufacture and distribute the designer fragrance brands of Perry Ellis, GUESS?, XOXO, Ocean Pacific (OP), Maria Sharapova, Andy Roddick, babyGund and Fred Hayman Beverly Hills.