This article was originally published in The Rose Sheet
Revenues increased 11.8% to $337.4 mil. for the fiscal year ended March 31, the company announced June 7. Net income fell to $1.3 mil. from $4.3 mil. the prior year after a $10.6 mil. loss related to The Fragrance Counter and a $1.9 mil. one-time gain. For the fourth quarter, revenues increased 16% to $89.5 mil. Allou Health & Beauty Care took a $1.2 mil. loss in the quarter, compared to a gain of $741,000 in the prior year. The Fragrance Counter's losses for the quarter totaled $4.5 mil. Allou recently sold its majority interest in its Internet subsidiary to The Subdury Group for $37.5 mil. The company retains 13% of the entity
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