Prestige profit rises on lower interest expense
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- November
- 6
Prestige Brands Holdings Inc., the Irvington company that markets Comet cleanser, Murine eye and ear drops and Prell shampoo, said today profits for its fiscal second quarter rose 25 percent to $8.5 million, or 17 cents a share, due to a reduction in interest expenses.
The company said interest expenses dropped by 30 percent because of a significant repayment of debt over the past year and lower interest rates.
During the second quarter of 2007, the company earned $6.8 million, or 14 cents a share.
Revenues rose 1 percent to $88.1 million in this year’s quarter, which ended in September. Operating income of $20.5 million was down from $20.6 million last year.
This entry was posted
on Thursday, November 6th, 2008 at 9:21 am by Allan Drury.
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