Parlux Fragrances Q1 sales down

Aug 11, 2008 (Datamonitor via COMTEX) -- PARL | Quote | Chart | News | PowerRating -- Parlux Fragrances, which manufactures fragrances and beauty-related products, has reported net sales of $23.30 million for the first quarter ended June 30, 2008, compared to $31.38 million for the same period in fiscal 2008.

Net loss stood at $4.88 million, compared to $97,628 in the corresponding period of fiscal 2008. Diluted loss per common share was $0.24 for the first quarter of fiscal 2009.

Neil Katz, chairman and CEO of Parlux Fragrances, said: "In spite of our first quarter production difficulties, it is our expectation that sales for the current quarter and sales and profit for the full fiscal year will significantly exceed those of the prior year comparable periods."

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