Environmental product and services group Straight said losses for the full-year narrowed as demand picked up and said it is confident of delivering further profitable growth over the coming year.
The group, which makes recycling and hazardous waste containers, said pre-tax loss reduced to £0.13m for the year ended December 31st from a loss of £1.6m the same time a year earlier. Revenue slipped to £26.1m for the period from £27.8m previously.
Adjusted earnings per share rose to 5.0p from a loss of 2.3p before. Gross margin increased to 27.8% from 24.1%.
Chairman James Newman said: "2013 has seen a significant improvement in the trading performance, which has maintained its market leading position.
"2014 has started well with a strong order book already in place. The board is confident that it will be able to deliver further profitable growth over the coming year."
Chief Executive Jonathan Straight added: "At the end of 2012 I said that the foundations of recovery had been laid. At the end of 2013 it was apparent that this statement has proved to correct as a significant improvement has been delivered. The considerable momentum created through two years of restructuring is carrying us forward with confidence."
Luxury handbag and fashion group Mulberry issued a new profit warning on Thursday, its fourth in two years, as it battles against dwindling sales and increased competition.
"The primary objective is to reinvigorate sales by the introduction of more affordable new product," said the maker of Bayswater and Alexa handbags.
While this is expected to have short-term financial consequences, the group conceded it is necessary to "ensure the future strength of the Mulberry brand".
The Somerset-based firm, who is still looking for a replacement Chief Executive Officer after Bruno Guillon stepped down in March, said turnover for the year ended March 31st 2014 will be broadly in line with expectations whilst on an underlying basis, profit before tax is expected to be marginally below current expectations.
Following a review, the high-end luxury firm said it has decided to impair the net carrying value of fixed assets of two US stores, creating a non-cash charge for the year of £2.7m. This, combined with the costs of the recent management change, mean that the pre-tax profit for the year is expected to be approximately £14m.
Mulberry said it still plans to expand internationally, however the rate of new openings has been slowed by nearly 40% to control costs while allowing existing stores to "achieve greater traction".
The group confirmed that its new factory in Somerset, which opened last June, is now fully operational with over 300 employees.
Mulberry's share value has slumped since the start of the year after it reported weak Christmas sales.