People Corporation reported earnings results for the first quarter ended November 30, 2015. For the quarter, the company's revenue was $16,314,900 compared to $11,063,600 a year ago. Organic growth is primarily comprised of the increase in revenue resulting from the addition of new clients from the Company's existing and expanded benefits consulting team and natural inflationary factors, partially offset by the effect of a depressed labour market in Alberta on certain premium product lines and non-recurring revenues recognized in the prior year.

Operating income before corporate costs was $4,086,200 compared to $3,065,500 a year ago,, primarily driven by the acquisition of Coughlin during the fourth quarter and organic growth during the year. Adjusted EBITDA was $3,204,600 compared to $2,199,500 a year ago. Growth in adjusted EBITDA for the quarter was primarily driven by contribution from acquisitions and the increase in first quarter revenue, partially offset by increases in variable compensation expenses tied directly to the higher revenue and expansion of the consulting team through hiring additional sales consultants.

Net loss was $149,100 compared to net income of $308,200 a year ago.