Pace alerts market with good news | |
A few years or so ago it was regular bad news bulletins that set-top box supplier Pace issued. Those days seem well behind the company given that for the past two years the market news has been all positive. An announcement on Nov 4 continued the upbeat news.
Pace issued a second Interim Management Statement to the stock market, saying group revenues and volumes are tracking to plan, and that it has maintained a strong balance sheet and “robust financial position”. Pace says that extra shipments of HDTV set-top boxes have helped boost average selling prices, and that its operating margin is likely to increase during this second half-year.
The market liked the statement, and Pace shares moved forward 3.17% (7p) in early trading on Nov 4.
Source: RapidTVNews | 
2 Weeks Ago
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