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Net income rises 7% in final quarter.
March 10, 2010
By: TOM BRANNA
Editor
Inter Parfums, Inc. reported favorable results for the fourth quarter and year ended Dec. 31, 2009. For the quarter, net sales increased 13% to $112.9 million. European-based operations rose 16% to $96.3 million; however, sales by U.S.-based operations declined 3% to $16.6 million. Net income attributable to Inter Parfums, Inc. increased 7% to $5.5 million. For the year ended Dec. 31, 2009 net sales fell 8% to $409.5 million. Net income decreased 6% to $22.4 million. Executive Vice Presid...
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