People Corporation reported earnings results for the first quarter ended November 30, 2012. For the quarter, the company's revenue was $7.0 million, up 5.8% from $6.6 million in the comparative period of fiscal 2012. The increase in revenue is largely attributable to organic revenue growth which resulted from the addition of new clients, which was a direct result of the investments the company has made in additional Benefit Consultants and incremental revenues from the acquisition of JSL and Prosure.

EBITDA before corporate and acquisition costs grew 5.1% to $1.7 million or $0.027 per basic share compared to $1.63 million or $0.024 per basic share reported a year ago. EBITDA before acquisition costs increased 13.8% to $0.9 million compared to $0.78 million reported a year ago. The financial performance of the company was influenced by several projects initiated by the company during the quarter.

The company had net income of $244,616 as compared to net income of $155,958 in the same period in the prior year. After having given effect to the above-noted reasons for the increase in results, the increase in net income is primarily due to decreased finance expense resulting from the repayment of long-term debt.