Inter Parfums Reports Year-End Results
Inter Parfums, Inc. reported the fifth consecutive year of record sales, net income and earnings per share for the fourth quarter and year ended Dec. 31, 2004. The company reported 2004 sales of $236 million, up 27% from $185.6 million the previous year. Net sales for 2004 were up 22% compared to 2003. Net income rose 13% to $15.7 million compared to $13.8 million for 2003. For the year as a whole, the company’s 2004 operating and net margins approximated 13.8% and 6.7%, respectively, compared to 14.0% and 7.5% for 2003.
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