Contracts in Australia and Italy have boosted UK-based Pace Micro
|
Digital TV set-top box maker, Pace Micro, has signalled a return to profits on the back of booming Asia Pacific and European sales.
The UK group, which bore the brunt of the demise of ITV Digital, reported first-half profits of £1.1m ($2m).
That compares with losses of £15.9m recorded a year ago.
Pace said falling prices in the UK were offset by expansion at broadcaster BSkyB, which has seen increased demand for its Sky+ digital service.
Dividend wait
West Yorkshire-based Pace said major contracts with Foxtel in Australia and Sky Italia had also boosted its fortunes.
A turnaround programme, which led to 250 job losses over the past two years, also helped cut annual costs by £12.3m, the company said.
Chairman Sir Michael Bett said: "We see opportunities for development in both continental Europe and Asia, which should result in a modest improvement in the
performance of the business."
Home
~RS~q~RS~~RS~z~RS~31~RS~)
BBC NEWS CHANNEL
News services
E-mail this to a friend
Printable version
