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CCA Industries fiscal Q1 profit climbs YOY

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CCA Industries fiscal Q1 profit climbs YOY

CCA Industries Inc. said its normalized net income for the fiscal first quarter ended Feb. 29 was 3 cents per share, a gain from 1 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $213,230, a gain from $83,510 in the year-earlier period.

The normalized profit margin increased to 4.6% from 1.2% in the year-earlier period.

Total revenue decreased 32.7% year over year to $4.7 million from $7.0 million, and total operating expenses fell 34.2% year over year to $4.2 million from $6.4 million.

Reported net income grew on an annual basis to $211,430, or 3 cents per share, from $71,550, or 1 cents per share.