12.19.16
CCA Industries, Inc. posted preliminary results for a profitable fourth quarter.
According to Lance Funston, chief executive officer of CCA Industries, Inc. said, "We have now had four profitable quarters in a row. The Company has not had a fiscal year with all four quarters showing a profit since fiscal 2009. This is due to the hard work of our management team working to eliminate unprofitable items and bringing expenses down in alignment with sales.
“In addition, with the assistance of outsourcing, we have been able to reduce our payroll from 20 personnel at the beginning of the 2016 fiscal year to 12 at the end of the year. The company has now completed its restructuring program and will be focusing on growing both sales and the bottom line during fiscal 2017."
The company anticipates releasing its results for the fourth quarter and fiscal year ended Nov. 30, 2016 by the end of February 2017.
According to Lance Funston, chief executive officer of CCA Industries, Inc. said, "We have now had four profitable quarters in a row. The Company has not had a fiscal year with all four quarters showing a profit since fiscal 2009. This is due to the hard work of our management team working to eliminate unprofitable items and bringing expenses down in alignment with sales.
“In addition, with the assistance of outsourcing, we have been able to reduce our payroll from 20 personnel at the beginning of the 2016 fiscal year to 12 at the end of the year. The company has now completed its restructuring program and will be focusing on growing both sales and the bottom line during fiscal 2017."
The company anticipates releasing its results for the fourth quarter and fiscal year ended Nov. 30, 2016 by the end of February 2017.
