April 24, 2012 | last updated June 1, 2012 2:05 pm

Ethan Allen's fiscal 3Q net up eight-fold

Ethan Allen Interiors Inc. posted a nearly eight-fold rise in fiscal third-quarter profits despite only an 8 percent sales gain for the Danbury home furnishings maker-retailer.

For three months ended March 31, Ethan Allen netted $27.5 million, or 94 cents a fully diluted share, way up from $3.5 million, or 12 cents a share, netted the same quarter last year.

Third-quarter sales were $175.9 million vs. $162.8 million a year ago.

Chairman and CEO Farooq Kathwari also announced the June launch of new products, along with its "Ethan Allen Express'' program involving select products, pricing and speedier delivery to reach a wider consumer market.

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