This article was originally published in The Rose Sheet
First quarter net sales jump 40% to $31 mil. excluding currency exchange, and net income advances 42.8% to $2 mil., due to continued rollout of Paul Smith and Burberry Touch fragrances and Christian Lacroix Eau Florale launch, says. Prestige sales led growth, while mass market sales were flat. New line of health and beauty aids shipping to mass retailers in second quarter expected to boost division sales in 2001, Inter Parfums says. SG&A expenses increased to 38% of sales in quarter to keep momentum going, firm says. Inter Parfums is projecting $28 mil. in second quarter revenues and expects 2001 sales to reach $115 mil
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