Oilfield services firm Halliburton Manufacturing and Services has posted a pre-tax profit loss of £12.3 million for the year ending 2017.
Recording profits of £46.5m in 2016, Halliburton has seen a significant drop in 2017 to £34.2m.
However, turnover was up on 2016 by £16.6m increasing from £478m to £494m in 2017.
While fixed assets held steady, total assets minus liabilities saw a dip by £13m.
Net assets, including shareholders funds, marginally increased on the previous year.