The Iconix Brand Group turned around to a net profit of $4.2 million in the first quarter, boosted by a $15 million gain on the sale of the Lee Cooper trademark in China, as compared to a loss of $21.8 million in the year-ago period, where it reported impairment charges of $13.7 million. Licensing revenues were off by 15 percent to $23.6 million, due primarily to a drop of 41 percent in the women’s segment, where Danskin was a bright spot. International revenues went up by 2 percent to $11.8 million, thanks to higher revenues in Europe.

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