By  on August 10, 2011

Men’s accessories vendor Swank Inc. reversed a year-ago loss to post a second-quarter profit on a 9.3 percent sales increase highlighted by stronger sales of men’s jewelry and personal leather goods.

Net income for the three months ended June 30 was $1.4 million, or 26 cents a diluted share, versus a net loss of $61,000, or 1 cent, in the year ago quarter. Sales rose to $32.2 million from $29.4 million in the prior-year period, while gross margin advanced to 34.1 percent of sales from 29.4 percent in the 2010 quarter.

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