l CCA Industries, Inc. announced last month that its year-end profits rose 52% to $0.41 a share. Revenues were up 9.5% to $45.6 million. Net income was up 52.6% to $3.0 million.
Profits were helped by the strong improvements of its health, beauty aids and nutraceutical products, Plus+White whitening toothpastes, Nutra Nail nail treatments, Sudden Change skin care products, Bikini Zone pre- and aftershave products and Hair Off depilatories. The company’s entire product range showed strong consumer acceptance.
Still, the company continues to weigh its options regarding finding a buyer or strategic partner. Earlier this year, CCA hired PNC Capital Markets to help review a full range of strategic alternatives to enhance shareholder value, either through a joint venture, acquisition, merger or sale. l