FINANCIALS: US staffing firm Command Center posts revenue fall
US temporary staffing provider Command Center has taken a significant financial hit in North Dakota, resulting in decreased revenue and operating profit for the three months to 25 September.
It’s third quarter unaudited financial statement, released yesterday, shows:
• 10.5% year-on-year decrease in revenue to US$24.9m (£16.4m)
• Gross profit decreased year-on-year to $6.5m from $7.7m
• Operating income decreased year-on-year to $1.4m from $2.5m
• Net income of $820k compared to $6m
The company’s financial statement notes revenue from branches outside North Dakota grew by 6.5% year-on-year, but the increase was offset by the 47% decline from the seven North Dakota branches.
The statement points to falling oil prices since Q3 last year but adds the state remains profitable for the company.
