International real estate, infrastructure and commercial property recruiter Prime People has seen profits fall but has also witnessed a “significant” half year improvement, according to its preliminary results for the year ended 31 March.

Its results reveal:

• profit before tax:            £0.46m (2010)                      £0.73m (2009)
• net fee income:            £6.67m (2010)                      £10.41m (2009)
• gross fee income         £14.18m (2010)            £20.67m (2009)

Peter Moore, managing director of Prime People, says: “These results show a significant half year on half year improvement. They are a testament to the hard work of our staff in testing times.

“The current year has shown a solid start and the new businesses in which we have invested and those that we are incubating are showing promise. Subject to the economies in which we operate not changing radically, the company is well placed to have a successful year.”