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OptimumCare Q1 Revenue Falls

June 20 2011

OptimumCare Corp. (OTCBB: OPMC.PK), a behavioral healthcare and temporary staffing services provider, reported net revenue from continued and discontinued operations fell 7.5 percent in the first quarter ended March 31.

Revenue for the quarter ended March 31 was $903,667, down from $976,558 from the prior year’s quarter.

Pretax profit rose 26.5 percent to $85,705 from $67,766 in the year-ago quarter. The company attributed the increase in profit to cost-cutting measures and concentrating on higher margin clients.

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