Redken’s Profit Soars 522% for 3rd Quarter

Redken Laboratories, the Canoga Park hair care and cosmetics firm, announced vastly improved third-quarter results for the period ending April 30. Earnings were $915,000, or 30 cents a share, up 522% from the comparable period a year ago, with a 30% increase in sales to $29.4 million.

The company attributed the improved results in part to several new cosmetics and hair products.

For the nine months, Redken’s sales were up 18%, to $88 million, as earnings jumped 102% to $3.3 million, or $1.10 a share.