Company News, Financial News

CCA Industries Posts Profit

Even as sales fall in fiscal 2016.

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By: TOM BRANNA

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CCA Industries, Inc. posted mixed results for the fourth quarter and full year ended Nov. 30, 2016. Total net income was $1,181,210 for the year ended November 30, 2016 as compared to a loss of $3,244,211 for the year ended November 30, 2015, an increase of $4,425,421. Total net income for the quarter ended November 30, 2016 increased to $232,797 as compared to a loss of $(1,764,990) for the same period in fiscal 2015.  “The Company's return to profitability is due to the restruc...

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