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Interparfums' H1 profit rises despite higher marketing costs
September 7, 2017 / 6:31 AM / 3 months ago

Interparfums' H1 profit rises despite higher marketing costs

Sept 7 (Reuters) - France’s Interparfums on Thursday reported a 53 percent increase in first-half operating profit, despite a sharp rise in marketing and advertising expenses.

Marketing and advertising costs, mainly dedicated to the launch of new fragrances lines under Jimmy Choo and Rochas labels, rose 40 percent.

The perfume maker reported an operating profit of 33.1 million euros.

Its operating margin rose to 15.8 percent from 13.3 percent a year earlier helped by “applying tight controls over fixed costs”, the company said.

Interparfums confirmed its guidance of 2017 revenue of 400 million euros and an operating margin of between 13.0 and 13.5 percent.

Reporting by Manon Jacob; editing by Jason Neely

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