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ALLOU HEALTH & BEAUTY CARE ANNOUNCES RECORD EARNINGS AND REVENUES FOR FY1992; EPS UP 25 PERCENT DESPITE THE DOUBLING OF SHARES OUTSTANDING

ALLOU HEALTH & BEAUTY CARE ANNOUNCES RECORD EARNINGS AND REVENUES FOR FY1992; EPS UP 25 PERCENT DESPITE THE DOUBLING OF SHARES OUTSTANDING
 BRENTWOOD, N.Y., June 23 /PRNewswire/ -- Allou Health & Beauty Care, Inc. (AMEX: ALU), today announced record sales and earnings in both the 12-month and three-month periods ended March 31, 1992.
 Net sales for fiscal 1992 totaled $124,939,580, representing a 41 percent increase, when compared to revenues of $88,663,369 recorded in fiscal year 1991. Net income increased 84 percent, reaching a record $1,875,129, or 50 cents per share, when compared to net operating income of $1,020,864, or 40 cents per share, last year.
 Earnings per share in fiscal year 1992 increased 25 percent over fiscal year 1991 despite an increase of 100 percent in the number of shares outstanding. For FY92, the company had 5.3 million shares of common stock and common stock equivalents outstanding as compared to 2.6 million shares of common stock outstanding for the prior year. This increase in the weighted average number of shares outstanding fully dilutes the company's common stock and common stock equivalents.
 Record fourth quarter revenue was $29,421,740 compared to $23,248,904 in the prior year, representing a 27 percent increase in sales. Net income for the three months ended March 31, 1992, totaled $527,035, a 167 percent increase when compared to net operating income of $197,548 a year ago. Earnings per share was 12 cents in the fourth quarter of fiscal 1992 versus 8 cents per share for the same period in the prior year.
 Commenting on the results, David Shamilzadeh, chief financial officer, stated, "The excellent results achieved in fiscal 1992 reflected strong gains in every segment of our business. Additionally, the company's unprecedented performance occurred during an anemic economy, demonstrating Allou's ability to prosper in all economic climates. Allou's financial performance and geographic expansion position the company for continued growth in fiscal 1993.
 Headquartered in Brentwood, Allou is the premier distributor of nationally advertised health and beauty aids, prestige designer fragrances, cosmetics and nationally advertised non-perishable branded food products in the Northeast and selected areas such as Philadelphia and Miami. In addition, Allou distributes prestige designer fragrances nationally to more than 5,000 independent drug, convenience stores and national mass merchandising chains.
 -0- 6/23/92
 /CONTACT: David Shamilzadeh, chief financial officer of Allou, 516-273-4000/
 /FIRST AND FINAL ADD -- TABULAR MATERIAL -- TO FOLLOW/
 (ALU) CO: Allou Health & Beauty Care, Inc. ST: New York IN: HOU SU: ERN


GK-TS -- NY006 -- 2680 06/23/92 08:12 EDT
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Publication:PR Newswire
Date:Jun 23, 1992
Words:431
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