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Article: Ross Cosmetics announces third consecutive profitable quarter and record earnings. (Ross Cosmetics Distribution Centers Inc.)
- Article from:
- PR Newswire
- Article date:
- July 20, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROSS COSMETICS ANNOUNCES THIRD CONSECUTIVE
PROFITABLE QUARTER AND RECORD EARNINGS
STATEN ISLAND, N.Y., July 20 /PRNewswire/ -- Ross Cosmetics Distribution Centers, Inc. (NASDAQ: RCDC) today announced its third consecutive profitable quarter and record earnings since the company's 1985 change in product distribution from nationally branded cosmetics to distribution of its own proprietary products.
Revenues for the third quarter ended May 31, 1987, increased approximately 33 percent to $2,057,161, from $1,543,439 for the comparable quarter in 1986. Net income for the third quarter ended May 31, 1987, rose to $43,036, or $.02 per ...