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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