ALJ Regional Holdings, Inc. (ALJJ) has reported a 70.06 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $0.55 million, or $0.02 a share in the quarter, compared with $0.32 million, or $0.01 a share for the same period last year.

Revenue during the quarter grew 19.78 percent to $77.62 million from $64.80 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $7.20 million compared with $6.30 million in the prior year period. At the same time, adjusted EBITDA margin contracted 45 basis points in the quarter to 9.28 percent from 9.72 percent in the last year period.

Anna Van Buren, chief executive officer of Faneuil, stated, "Faneuil experienced strong earnings in the first quarter of 2017 related to the healthcare open enrollment period. In the same quarter, we won a transportation system opportunity, renewed and extended several contracts and diversified in healthcare with expanded services." "We continue to recognize higher revenue at Carpets," said Steve Chesin, chief executive officer of Carpets. "The increases in revenue have come with a higher cost to support the increased capacity. We are focused in 2017 to increase our capacity through infrastructure improvements, while lowering our operating costs."