Apparel maker Perry Ellis International Inc today recorded an increase in third-quarter revenue as its men's wear division continued to see good sales figures.

Total third-quarter revenue for the quarter ended 31 October 2004 was $160.7 million compared to $159.5m in the same period last year.

For the nine months ended 31 October, total revenue increased 34.4 per cent to $484.5m.

Third-quarter net income totalled $7.2m or $0.72 per diluted share, compared to $1.7m, or $0.18 per fully diluted share, from the same period in 2003.

Nine-month net income was $12.7m, or $1.32 per fully diluted share, compared to $4.7m or $0.58 per fully diluted share, for the same period last year.

George Feldenkreis, chairman and chief executive officer said: "While overall net shipments for the third quarter were flat with last year - as some of our shipments were postponed to the fourth quarter - our men's wear business continues to be very strong and we expect double digit growth in the current fourth quarter compared to last year.

"Our earnings this quarter were negatively impacted by approximately $0.10 per share from our swimwear business as we realised lower than anticipated margins associated with the final resolution of markdown support and inventory disposition for the 2004 line year."

Perry Ellis International's brands include Jantzen, Cubavera, Munsingwear, John Henry, Original Penguin, Grand Slam and Natural Issue.