Perry Ellis Q2 loss dimished

US fashion group Perry Ellis International Inc reported a diminishment in second quarter losses. The results were helped by a 50.3 percent leap in revenues, partially due to the company's new Tropical Sportswear International business.

The company posted a loss of $2.4 million (£ 1.3 million) in the second quarter ended 31 July, compared with $2.6 million in the same period last year. According to Perry Ellis the second quarter usually results in a loss because of the seasonal nature of the business. Total revenues climbed from $126.4 million last year to $190 million. The acquisition of Tropical Sportswear added $50 million to second quarter revenues, said the company. "The TSI integration is progressing extremely well," said CEO George Feldenkreis in a statement.

The company added that its Perry Ellis brand had also performed well during the second quarter, including a 12 percent sales growth of the men's wholesale operations. Other brands to perform well were Original Penguin and Cubavera. Feldenkreis said in his statement that the company plans to distribute Original Penguin in the European market in spring 2006.