CCA Industries Inc (CAW) 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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.