By  on August 7, 2009

The problem-solution cosmetics firm Physicians Formula Holdings Inc. managed to reverse a year-ago loss as it eyes new markets, retail channels and products to revive its business.

For the second quarter ended June 30, the Azusa, Calif.-based company posted a net profit of $591,000, or 4 cents a diluted share, compared with a loss of $2 million, or 14 cents a share, in the year-earlier quarter. Sales during the three months declined 8 percent to $21.1 million from $22.9 million in the year-ago period.

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