Allou
This article was originally published in The Rose Sheet
Executive Summary
Direct Fragrances sales soar 76% in fiscal 2000 (ended March 31), firm reports June 21. Net income increased 237% to $7 mil. for the year, while revenues jumped 26% to $421.1 mil. Fourth quarter sales increased 49% to $133.8 mil. from $89.54 mil. and net income totaled $1.7 mil. versus a net loss of $1.2 mil. in the year-ago period. Allou expects a "record year" based on the firm's geographic expansion and strong product demand, Senior VP and CFO David Shamilzadeh says during a conference call with analysts June 21