Printer Friendly

ALLOU HEALTH & BEAUTY CARE ANNOUNCES REVENUES, NET INCOME AND EPS AT HISTORIC LEVELS

 BRENTWOOD, N.Y., June 30 /PRNewswire/ -- Allou Health & Beauty Care, Inc. (AMEX: ALU) today announced a significant increase in revenues, net earnings and earnings per share for the fourth quarter and fiscal year ended March 31, 1993.
 Revenues in fiscal 1993 increased 30 percent, totaling a record $161.9 million, compared to $124.9 million, reported in the prior year. Net income for the period rose 61 percent, reaching a record $3,015,350 or $.60 cents per share, fully diluted, versus last year's net income of $1,875,129 or $.50 cents per share, fully diluted.
 Revenues for the fourth quarter of fiscal 1993, increased 39 percent to a record $40.8 million from $29.4 million recorded in the same period of fiscal 1992. Net income was a record $853,545 or $.15 cents per share, fully diluted, up from $527,035 or $.12 cents per share, during the period, representing a 62 and 25 percent increase, respectively.
 David Shamilzadeh, chief financial officer of Allou, stated, "Management's strong emphasis on providing value to our growing customer base, coupled with increased productivity, were major contributors to our seventh consecutive record year."
 Mr. Shamilzadeh also noted that the recently completed acquisition of privately owned M. Sobol, Inc., a distributor of prescription pharmaceuticals, further enhances Allou's ability to sustain growth in all economic climates.
 "We continue to expand our efforts toward identifying acquisition candidates that will expand our markets and increase stockholder value," Mr. Shamilzadeh added.
 Allou Health & Beauty Care, Inc. is the premier distributor of over 8,000 nationally advertised health and beauty aid products in the Northeast and Miami areas. In addition, the company is a leading nationwide distributor of over 7,000 prestige designer fragrances and cosmetics. The company also distributes nationally advertised non-perishable branded food items. Most recently, Allou has become a direct manufacturers' distributor of prescription pharmaceuticals. Allou's account base consists of 3,700 independent drug and convenience stores, including leading national chain stores.
 ALLOU HEALTH & BEAUTY CARE, INC.
 Financial Highlights
 Three months ended March 31 1993 1992
 Revenues $40,822,964 $29,421,740
 Gross profit 5,196,011 4,053,400
 Net income 853,545 527,035
 Per share net income $.15 $.12
 Fully diluted weighted average
 shares outstanding including
 common stock equivalents 5,601,151 5,398,750
 Twelve months ended March 31 1993 1992
 Revenues $161,914,226 $124,939,580
 Gross profit 19,381,275 16,241,654
 Net income 3,015,350 1,875,129
 Per share net income $.60 $.50
 Fully diluted weighted average
 shares outstanding including
 common stock equivalents 5,427,522 5,299,602
 -0- 6/30/93
 /CONTACT: David Shamilzadeh, senior vice president and chief financial officer of Allou Health & Beauty Care, Inc., 516-273-4000/
 (ALU)


CO: Allou Health & Beauty Care, Inc. ST: New York IN: HOU SU: ERN

TS-MP -- NY001 -- 6989 06/30/93 08:00 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 30, 1993
Words:481
Previous Article:MECA SOFTWARE ANNOUNCES TERMINATION OF TENDER OFFER
Next Article:IBM MULTIMEDIA STUDIO TO PUBLISH PLAYBOY INTERVIEWS ON COMPACT DISC
Topics:


Related Articles
ALLOU HEALTH & BEAUTY CARE ANNOUNCES RECORD THIRD QUARTER AND NINE MONTH RESULTS
ALLOU HEALTH & BEAUTY CARE, INC. ANNOUNCES A 29 PERCENT INCREASE IN ITS REVOLVING LINE OF CREDIT TO $45 MILLION WITH THE BANK OF BOSTON
ALLOU HEALTH & BEAUTY CARE REPORTS RESULTS
ALLOU HEALTH & BEAUTY CARE, INC., ANNOUNCES A DRAMATIC INCREASE IN NET INCOME; RISING 56 PERCENT IN THE SECOND QUARTER OF FISCAL 1994
ALLOU HEALTH & BEAUTY CARE, INC. ANNOUNCES RECORD REVENUES AND THE LAUNCHING OF CYBERSPACE RETAILING
Allou Health & Beauty Care, Inc. Announces Record Revenues for Second Quarter Ended September 30, 1996: Net Income and EPS Up 59 and 58 Percent...
Allou Health & Beauty Care, Inc. Announces Higher Sales: Revenues from Allou's Online Subsidiary The Fragrance Counter Jumps 177 Percent
Allou Health & Beauty Care, Inc. Reports Revenues and Net Income Above Analyst Forecast: Fueled by Strong Fragrance Sales, Gross Profit Margins...
Allou Health & Beauty Care, Inc. Reports Double-Digit Growth in Revenues, Net Income and EPS: Sees Record Year.
Allou Health & Beauty Care, Inc. Turns in Stellar Performance in the Second Quarter: EPS Jump 33%.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters