Accident management company says full year profits in line with market expectations

Accident management company Helphire Group said despite challenging economic condition it expected its full year profits to be in line with market expectations.

In the second half of the year ended 30 June 2008, the group handled 20% more credit hire cases than in the same period last year.

This gave an overall growth of 29% in hire cases for the full year, Helphire said a pre-close trading update.

But it warned that growth in the use of credit hire may slow if the economic conditions remain challenging and fuel prices remain high, curbing motoring activity.