Consumer brands owner and licensor Iconix Brand Group, Inc. has posted significantly higher revenues for its first quarter ended March 31.

Licensing revenue increased to approximately $30.8 million compared with approximately $13.3 million in the first quarter of 2006. Net income was approximately $12.7 million versus approximately $7.4 million in 2006.

Commenting on the results chairman and CEO Neil Cole said, "It was a good quarter for the growth of our existing portfolio of brands as well as with respect to acquisitions as we acquired two powerful new lifestyle brands—Roca Wear and Danskin—that, on an annualised basis generate approximately $60 million in royalty revenue and significantly diversify our holdings."