Helphire has reported its preliminary financial results for the year ended 30 June 2012.
The firm reported a statutory operating loss of £0.7m, and adjusted operating profit of £1.4m, less than half the £3.4m that it achieved in the preceding year.
Helphire also incurred a loss before taxation of £6.3m, with net debt reduced by £22.9m to £110.8m.
Chief Executive Officer Martin Ward said that business quality and operational delivery improvements had enabled the firm to bolster its performance in a challenging market environment.
Ward also welcomed the firm’s return to the black in the second half of the year, and expressed optimism that Helphire was well-placed for the future as the market evolves.