London-listed recruitment firm RTC saw profit from operations drop by 45 per cent to £1.1m in 2020, as the pandemic struck industries across the world.
Group revenue also fell by 14 per cent to £81.4m, while earnings per share hit 4.6p compared to 9.6p in 2019.
Meanwhile, net cash increased to £1.9m and RTC reported no term debt.
Andy Pendlebury, CEO of RTC, remains in a positive mood about the company’s future despite the ferocity of the pandemic.
Pendlebury said: “Given the seismic impact of the closure of large parts of our economy I believe our results are extremely respectable and our cash position significantly enhanced.
“Although, as we publish our accounts, we continue to wait for the government to confirm its exit plan, we believe there are many reasons to feel hopeful about the Group’s prospects.”