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Company swings to a profit for the period.
July 17, 2012
By: TOM BRANNA
Editor
CCA Industries’ sales increased 14.2% to $14.7 million in the second quarter ended May 31, 2012.The company reported net income of $302,100, compared to a loss of $247,268 a year ago. For the six months, sales increased 11.6% to nearly $28.4 million and net income quadrupled to $389,634. “We are pleased to be reporting higher total revenues and net income for the first six months of fiscal 2012,” said Dunnan D. Edell, president and chief executive officer. “CCA’s financial position remains sound with no bank debt and the company presently has little international distribution in Europe, thus no financial exposure in that troubled marketplace.”
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