LONDON (ShareCast) - Set-top box maker Pace reported a slight drop in first half pre-tax profit due to £600,000 of exceptional costs, but remained confident about future trading.
The group, which supplies digital TV technology for BSkyB, said pre-tax profit fell to £10.5m for the six months to 30 June from £10.6m the year before on revenue up 22% to £231.1m. Profit before exceptionals was £11.2m.
Pace said the integration of its acquisition Royal Philips Electronics is progressing well and is already profitable.