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Parlux sales

Executive Summary

Net sales for the year increased 1.6% to $70 mil., Fort Lauderdale, Fla. fragrance distributor announces June 25. Net loss for the period was $5.7 mil., compared to net profit of $3.9 mil. the prior year period. Loss is attributed to $7.4 mil. non-cash charge related to the sale of two brands - Alexandra de Markoff and Bal de Versaille - and a $2.9 mil. non-cash charge "for an unrealized loss on an investment," firm says. Excluding the charges, the company earned $1.6 mil., Parlux says. Fourth quarter sales gained 12.5% to $16.7 mil., and net income in the period jumped 30% to $804,000. Parlux manufacturers Perry Ellis, Fred Hayman Beverly Hills, Ocean Pacific and Jockey fragrances...
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