By  on August 11, 2009

New York-based fragrance producer Inter Parfums Inc. reported Monday its second-quarter profits increased 12 percent despite a double-digit sales decline.

Net income for the three months ended June 30 came in at $4.2 million, or 14 cents a diluted share, compared with $3.8 million, or 12 cents, in the same period a year ago. Wall Street analysts estimated earnings per share would be 10 cents, according to Yahoo Finance.

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