US recruiter First Rate Staffing has seen Q1 year-on-year revenues increase 41.8%, according to results for the quarter ended 31 March 2016.

The results, published late yesterday, reveal revenues increased by $2.05m (£1.41m) during the quarter, compared to the same period in 2015. 

The group attributes the increase in revenues primarily to additional clients picked up towards the end of Q1 2015. 

The group’s results at a glance:

                                   Period to                 Period to              $ change    % change
                                 31 Mar 2016          31 Mar 2015

Revenues                 $6,957,448             $4,906,244           $2,051,204      41.8%

Cost of revenues     $6,125,618             $4,523,813           $1,601,805      35.4%

Gross profit                  $831,830                $382,431              $449,399    117.5%

General and admin      $749,176                $469,836              $279,340       59.5%
expenses