US manufacturer and international distributor of luxury products including fragrances, handbags and leathergoods, Parlux Fragrances, Inc., has reported higher sales for the first quarter ended June 30. Net sales increased to $40.784 million compared with $33.817 million in the prior-year period, an increase of 21%.

Net loss for the period was $14.120 million compared with $3.811 million for corresponding period last year. The current period loss was attributable to a non-cash, share-based compensation charge of $16.201 million, relating to the modification of outstanding warrants to effect the company's stock split.