CCA Industries Inc (CAW: Quote) said Friday it made a profit for the third quarter, compared to a loss last year, as improved margins offset decline in sales.
Net income for the quarter was $0.4 million or $0.06 per share, compared with net loss of $0.6 million or $0.08 per share in the prior year.
Revenues for the quarter fell to $12.2 million from $12.6 million last year.
CEO Dunnan Edell said earnings in the third quarter were affecteb by a voluntary recall of three lots of Plus White Whitening Gel products, for which it incurred $0.65 million in charges.
Additionally, the company said its Board has approved a dividend of $0.07 per share for the fourth quarter, payable to all shareholders of record as of November 1, 2011 and to be paid on December 2, 2011.
Click here to receive FREE breaking news email alerts for CCA Industries Inc and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org