The company is one of the largest timber frame manufacturers in the UK and can produce up to 6,000 units per year at factories in Selkirk and Burton upon Trent.
Turnover last year was steady at £12.5m, but that yielded a £541,000 pre-tax profit, compared with a loss of £316,000 in 2010, a spokesperson said.
Key factors in the recovery were efficiency measures including the development of an integrated factory and business planning system, and new products, such as the highly-insulated IP Intelligent Panel System.
A spokesperson said this was underpinned by relatively stable timber prices after the company blamed high raw material costs for pushing the business into the red, despite a 40% increase in sales.
Oregon moved into volume housing and went into full production of the IP system, resulting last month in the completion of its largest insulated panel project for a 78-unit development at Fleet in Hampshire.
Chairman Roderick Lawson said the housing market remained challenging and the critical factor for housebuilders was to deliver value and stability, and respond to new technical standards.
