Jade sold off its transtasman human resource and payroll business Empower HR for $8.5 million, to report a loss of $96,000 for the period compared with a loss of $849,000 in the previous corresponding period.
The company made an operating profit of $2.4 million, down from $3.6 million in the previous period. Revenue was down slightly at $33.7 million but expenses remained flat at $31 million.
The reported profit was bolstered by a $2.5 million gain from Jade's discontinued Em-power operation, of which $2 million came from the December sale of the unit to software support group Fusion5. The balance will be payable in the first half of 2012.
"Management committed to a plan to sell the operations in early 2011, following a strategic focus on the group's growth businesses being JADE, JOOB, Wynyard, Methodware and Master Terminal," the company said in a note, referring to some of its existing brands.
Managing director Craig Richardson said the financial results reflected a year of business restructure and continued high investment in products and solutions that pushed the company to the forefront of its target markets.
"While it remains difficult to forecast during these challenging economic times, we have done the right things to ensure we have every opportunity to succeed in the year ahead."
The final stage of Jade's transformation was the launch of Wynyard Group, an international business dedicated to delivering sophisticated technology solutions to fight crime, corruption and threats across the globe.
Those markets were high-growth and Wynyard would be one of the few companies in the world with an extensive and growing portfolio of solutions for protecting people, institutions and critical infrastructure assets, Mr Richardson said.
Chairwoman Ruth Richardson said the board was now positioned to make decisions on capital required to accelerate growth in the fast-growing operational risk, intelligence and enforcement markets.
The company hoped to tap into making securely accessible mobile phone applications through its JOOB brand and its security solutions brand, Wynyard Group.
At balance date, Jade Software had $5.4 million in cash and equivalents.
Jade Software received $1.2 million in government grants in the year, and was awarded $3.2 million over three years from the government's Technology Development Grant Programme in 2010.
At balance date, Jade had $46.9 million of total assets, down from $50 million in the previous period.
The company spent $10.5 million on research and development in the year, though that fell to $4.4 million after it capitalised those costs.
The company is controlled by British financial services firm Skipton Building Society, with a 57% stake, and investment syndicate USA Health Investors, with 26%. New Zealand investors own about 14%, including founder Sir Gil Simpson's 1.7%.
