Printer Friendly

ALLOU HEALTH & BEAUTY CARE REPORTS RESULTS

 BRENTWOOD, N.Y., Feb. 9 /PRNewswire/ -- Allou Health & Beauty Care, Inc. (AMEX: ALU) is again able to announce record sales, net income and earnings per share for the third quarter and nine months of fiscal year 1993 ended Dec. 31, 1992.
 For the third quarter, Allou reported record revenues of $42.7 million, compared to $39.2 million recorded in the same period a year ago. Net income reached a record $876,103 or $.17 per share, fully diluted, exceeding the $614,976 or $.12 per share, restated to reflect comparable dilution as reported in the same period last year.
 For the nine months, ended Dec. 31, 1992, revenues increased 27 percent to a record $121 million when compared to revenues of $95.5 million recorded in the prior year's nine months. Net income for the period totalled a record $2,161,804 or $.45 per share, fully diluted, representing a 60 and 61 percent increase respectively, when compared to net income of $1,348,088 or $.28 per share, restated to reflect comparable dilution as reported in the same period of the previous year.
 In announcing the results, David Shamilzadeh, chief financial officer, stated, "The growth in revenues and net earnings confirm that management's strong efforts in combining quality of products with consistent service to our valued growing customer base is extremely successful. Allou continues to exceed expectations and management is confident that annual growth of 20 percent in revenues and net earnings will be sustained over the foreseeable future. Furthermore, while growth has been internal, management has expanded its efforts toward identifying acquisition candidates that will complement Allou's long- term growth profile."
 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 more than 7,000 prestige designer fragrances and cosmetics. The company also distributes nationally advertised non- perishable branded food items. Allou's account base consists of 3,500 independent drug and convenience stores including the leading national chain stores.
 ALLOU HEALTH & BEAUTY CARE, INC.
 Financial Highlights
 Three months ended Dec. 31 1992 1991
 Revenues $42,723,098 $39,175,644
 Gross profit 5,205,633 4,630,867
 Net income 876,103 614,976
 Per share net income $.17(B) $.12(A)
 Weighted average shares outstanding
 and common stock equivalent 5,586,921 5,586,921
 Nine months ended Dec. 31 1992 1991
 Revenues $121,091,260 $95,517,841
 Gross profit 11,185,262 12,188,256
 Net income 2,161,804 1,348,088
 Per share net income $.45(C) $.28(D)
 Weighted average shares outstanding
 and common stock equivalent 5,357,526 5,357,526
 (A) Per share net income and shares outstanding have been restated to reflect comparable dilution. Original per share net income was $.17 per share with 3,920,370 shares outstanding and common stock equivalents.
 (B) Per share net income figures are based on a share equivalent of 5,586,921 shares outstanding and common stock equivalents. This reflects the potential conversion of the company's Class B warrants into Class A common stock on a fully diluted basis. The weighted average shares of common stock outstanding is 3,951,526 shares and the common stock equivalent is 1,635,395.
 (C) Per share net income figures are based on a share equivalent of 5,357,526 shares outstanding and common stock equivalents. This reflects the potential conversion of the company's Class B warrants into Class A common stock on a fully diluted basis. The weighted average shares of common stock is 3,833,089 shares and the common stock equivalent is 1,524,437.
 (D) Per share net income and shares outstanding have been restated to reflect comparable dilution. Original net income per share was $.40 per share with 3,840,591 shares outstanding and common stock equivalents.
 -0- 2/9/93
 /CONTACT: David Shamilzadeh, chief financial officer of Allou Health & Beauty Care, 516-273-4000/
 (ALU)


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

LJ-MP -- NY038 -- 4613 02/09/93 11:22 EST
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:Feb 9, 1993
Words:693
Previous Article:FOUR MEN SENTENCED IN FEDERAL COURT FOR THEIR ROLES IN AN INTERNATIONAL HASHISH CONSPIRACY
Next Article:CONSECO, INC. $175 MILLION SENIOR NOTE ISSUE RATED 'BBB'
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 ANNOUNCES REVENUES, NET INCOME AND EPS AT HISTORIC LEVELS
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. INFORMS ANALYSTS OF A DRAMATIC RATE REDUCTION WITH ITS BANK
ALLOU HEALTH & BEAUTY CARE, INC. ANNOUNCES RECORD REVENUES AND THE LAUNCHING OF CYBERSPACE RETAILING
ALLOU HEALTH & BEAUTY CARE, INC. ANNOUNCES AN EXPANDED CREDIT FACILITY AT A REDUCED RATE
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 Double-Digit Growth in Revenues, Net Income and EPS: Sees Record Year.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters