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Parlux Q2

This article was originally published in The Rose Sheet

Executive Summary

Fort Lauderdale, Fla.-based fragrance manufacturer reports a sales increase of 24.5% to $22.7 mil. in the second quarter (ended Sept. 30), with net income jumping 69% to $2.4 mil. Shipments of the Paris Hilton fragrance, launching now, are above expectations, and firm expects 2005 launches, including Guess? and Maria Sharapova scents, will strengthen revenue (1"The Rose Sheet" Nov. 10, 2003, p. 4 and 2"The Rose Sheet" Sept. 27, 2004, p. 4). In the six months ended Sept. 30, sales increased 29.8% to $45.7 mil., and net income was up 115.5% to $4.6 mil...
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