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Parlux Q3 shows sales up but losses increase too

04-Feb-2010

Related topics: Financial

Global fragrance provider Parlux has revealed third quarter results showing an increase in sales at the same time as a bigger net loss.

Net sales grew by 6 per cent to $50.3m, up from $47.3m in the corresponding period last year, but net losses also grew during the period, up from a loss of $4.5m in the corresponding quarter of 2008, to reach a negative figure of $5.4m.

For the nine-month period up to December 31, the company said net sales were $130.4m, compared to $123.0m in the same prior year period, also an increase of 6 percent.

In the same 9 month period the net loss was $4.9m compared to $5.8m in the comparable period of the prior year, a decrease of just over 18 percent.