Allou financials
This article was originally published in The Rose Sheet
Executive Summary
Fourth quarter sales flat at $141.6 mil., while sales for the year (ended March 31) up 2.9% to $564.1 mil., health and beauty aids distributor announces July 1. Earnings for the quarter were $2.1 mil., more than double the approximately $900,000 recorded in the year-ago period, excluding a $3.4 mil. charge related to investment impairment in 2001, company says. Net income for the year increased to $6.6 mil. from $2.5 mil. a year ago. Results were favorably impacted by the current interest rate environment, firm says...