Inter Parfums’ Profits Jump 12% in First Half

Inter Parfums SA reported that its first half net profits rose 12.2% to $17.1 million, after a 2 million euro, or $2.7 million, one-off charge linked specifically to currency effects. As reported, sales at Inter Parfums jumped 24.3% in the first half to $199.9 million. The company and Group Clarins USA unveiled a plan Tuesday to jointly build their fragrance businesses in U.S. department and specialty stores.

The Paris-based subsidiary of Inter Parfums Inc. also reported a 43.3% gain in operating profits of $28.5 million in the six months ended June 30.

“In line with its development strategy, the group continued to ramp up investments in marketing and advertising (plus 39 percent) while maintaining tight control of all selling expenses,” Inter Parfums stated.

Gross margin rose 29.6% to $123.1 million.