07.18.16
Core Care America (CCA) posted a rise in results for the second quarter and six months ended May 31, 2016. Total net income increased to $423,677 from a loss of $1,586,718 for the same period in fiscal 2015 for the three months ended May 31, 2016. Six-month sales were $10.5 million with net income of $639,987.
Chief Executive Officer Lance Funston commented, "We are pleased to announce that we have had two profitable quarters in a row in fiscal 2016, demonstrating the progress the Company has made in its restructuring efforts, and is the first time that the company has had two profitable quarters in a row since fiscal 2012. We look forward as management continues to build a stronger, healthier platform of products that serve to increase value for our shareholders."
Chief Executive Officer Lance Funston commented, "We are pleased to announce that we have had two profitable quarters in a row in fiscal 2016, demonstrating the progress the Company has made in its restructuring efforts, and is the first time that the company has had two profitable quarters in a row since fiscal 2012. We look forward as management continues to build a stronger, healthier platform of products that serve to increase value for our shareholders."