Electronic technologies group Stadium posted a fall in its annual reported pre-tax profit after a 'transformational' year of 'significant organisational change'.
On a like-for-like basis, sales fell 4.4%, hit by a decline in the iEMS business, which was down 3.5%. The business, which underwent the most changes, saw a pick-up in Asia, with more China-to-China contract wins coming through. However, it said it remained "cautious" in its outlook.
Power Products experienced a tough period of trading, with a disappointing start to the year, as a number of projects shifted into the second half of the year or were cancelled, and overall sales declined by 21.8% - although the second half of the year was much stronger.
A better performance was seen with the Interface and Displays business, which grew around 40% on a like-for-like business.
Chairman Nick Brayshaw said: "The business has undergone significant organisational change both in its UK and Asian operations and the leadership team has been strengthened with the recruitment of a number of experienced senior managers. The group is now in a much stronger position with a business model and structure to support focused growth and drive further operational improvements."
Profit before tax fell from £1.77m to £0.43m year-on-year, hit by an increase in charges for non-recurring items. Normalised profit before tax rose 28.8% to £1.86m, boosted by a good performance by the technology-led businesses.
Basic earnings per share was 0.5p (2012: 4.2p) and adjusted earnings per share was 5.3p (2012: 3.1p).
Looking ahead, Brayshaw added: "We have made a solid start to the new financial year, demonstrating the benefits from our self-help and restructuring activities.
"[...] we continue to anticipate an improving trading performance as we progress through 2014."
Edinburgh based software company Craneware reported an increase in profit for the six months to the end of December as it signed up more and bigger hospitals to its client list.
The group, which provides solutions to US healthcare sector, said pre-tax profit increased 7% to $4.8m during the period while revenue climbed 5% to $21.1m.
Revenues increased 5% to $21.1m while adjusted earnings before interest, tax, depreciation and amortisation rose by 6% to $5.7m.
Chief executive Keith Neilson said: "Craneware remains at the forefront of providing solutions to US healthcare providers so they can achieve the revenue integrity required to support improved patient care and outcomes. We have seen a continued increase in sales during the period, to progressively larger hospital groups.
"The US Healthcare market seems to be settling as strategies are developing to support the need for change and deal with the uncertainties of the Affordable Care Act. With a strong product suite, clear strategic direction and high levels of revenue visibility, we are confident of continued future growth."
Adjusted basic earnings per share (EPS) increased 8% to 14.3 cents per share. Cash at the end of December was $30.6m.
Craneware has proposed an interim dividend of 5.7p per share, up from 5.2p in the first half of 2013.