Small caps round-up: Pilat Media, Stagecoach Theatre, ...

Shares in business management software company Pilat Media Global were boosted by a $7.7m contract with an undisclosed 'major American telecommunications company.'Pilat will supply the company with its 'Integrated Broadcast Management System.'Theatre school Stagecoach Theatre's performance was steady in the year to May 31 despite 'another challenging year in this difficult economic climate.'Pre-tax profits edged up to £727,000 from £726,000 the previous year, as revenues rose to £6.22m from £6.2m.IT firm Triad said it continues to be affected by uncertainty in levels of client spending, particularly in the public sector.'Efforts to strengthen the group's customer base continue and we have seen some signs of improvement in activity in the private sector,' the company said.'The board has taken further steps to reduce the group's expenditure and continues to monitor the group's cost base closely.'Shares in public sector consultant Tribal jumped after it reacted to 'recent press speculation' by confirming that it has 'received preliminary expressions of interest which may or may not lead to an offer being made for the company.'The company has, like Triad, been affected by uncertainty over public sector spending, but reiterated that it thinks it will benefit from the government's penny-pinching measures.'Whilst short term trading conditions reflect the impact of the reduction in government spending on consultancy, particularly in our government business, the board believes that Tribal has a portfolio of attractive businesses,' it said. 'The company is very well-positioned to support public sector organisations as they undertake change and to participate in an expected acceleration of outsourcing opportunities that will contribute to the improvement in public sector efficiencies.'Property fund manager Capital & Regional swung to a first-half pre-tax profit of £18m compared to loss of £131m last year, helped by a 5.3% rise in UK fund property valuations.Australian drilling fluids and engineering services business Rheochem said the year to 30 June 2010 was a period characterised by a reduction in traditional exploration and development activity on the Australian mainland, but it comforted itself with the belief that it held on to market share.Activity levels in the new financial year have started to pick up and the company expects that revenues in fiscal 2010/11 will be some 50% higher than they were in fiscal 2009/10.