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.
Tue, 17 Nov 2015

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.

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