By  on September 7, 2010

PARIS — Inter Parfums SA registered first-half net profits of 12.9 million euros, or $17.1 million, up 12.2 percent, following a 2 million euro, or $2.7 million, one-off charge linked specifically to currency effects.

The Paris-based subsidiary of Inter Parfums Inc. posted operating profits of 21.5 million euros, or $28.5 million, a 43.3 percent gain, 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 percent to 92.8 million euros, or $123.1 million.

Dollar figures are converted at average exchange for the period.

As reported, sales at Inter Parfums jumped 24.3 percent in the first half to 150.7 million euros, or $199.9 million. At constant exchange, they advanced 26 percent. The company and Group Clarins USA unveiled a plan Tuesday to jointly build their fragrance businesses in U.S. department and specialty stores.

Inter Parfums stock closed up 0.2 percent to 24.60 euros, or $31.31 at current exchange, on the Paris bourse Tuesday.

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