11.02.16
CCA Industries reported total net income increased to $321,367 for the three months ended Aug. 31, 2016 from income of $49,889 for the same period in fiscal 2015.
CCA said total net income increased to $948,419 for the nine months ended Aug. 31, 2016 as compared to a loss of $1,479,222 for the same period in fiscal 2015.
“We are pleased to announce that we now have had three profitable quarters in a row in fiscal 2016,” said Lance Funston, chief executive officer. “We have made a strategic decision to eliminate unprofitable products, and although this results in reduced revenues, it has led to a focus on profitable brands resulting in an increase in net income when compared with the prior year.”
CCA said total net income increased to $948,419 for the nine months ended Aug. 31, 2016 as compared to a loss of $1,479,222 for the same period in fiscal 2015.
“We are pleased to announce that we now have had three profitable quarters in a row in fiscal 2016,” said Lance Funston, chief executive officer. “We have made a strategic decision to eliminate unprofitable products, and although this results in reduced revenues, it has led to a focus on profitable brands resulting in an increase in net income when compared with the prior year.”