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Parlux Reports Drop in Profits

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By: TOM BRANNA

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Parlux Fragrances, Inc., Ft. Lauderdale, FL, said sales for the second quarter rose 5% to $19,041,386. Operating income fell 21% to $2,476,901, due primarily to lower margins on certain discontinued items and higher advertising to support new product launches. Net income decreased fell more than 20% to $1,413,725.For the six-month period ended Sept. 30, net sales increased 9% to $37,054,759. Operating income fell 7% to $4,314,967. The net loss of $303,513 for the period compared to a profit of $...

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